Good job, Timmy! Don't falter, stay courageous; Keep the prices high and the value small.
The weirdest thing has to be how their marketshare increased while their sales dipped, and the opposite happened to Huawei.
Apple bought back $75B in stock today. That definitely factored into the stock price today.Considering the stock is up almost 5% after hours Wall Street has already factored this in.
The XR is the best selling of the bunch right now. $750 and a lot of them were picked up as BOGO.The way I see it, 30% fewer phones sold at a roughly 51% higher cost (going from 650 to 1k) equals higher profit so Apple shareholders and Apple diehard fans still have something to brag about.
People keep phones longer..
No surprises here. Unless you’re wearing a tinfoil hat and living in the U.S., Huawei has an extremely competitive product line up with 5G to boot.
The 2019 iPhone lineup will regain some market share because they’re finally adopting three rear cameras. But it’s pretty obvious Apple is slowly becoming a follower with regards to smartphone technologies.
Except the $1K iPhone X came out in 2017.The way I see it, 30% fewer phones sold at a roughly 51% higher cost (going from 650 to 1k) equals higher profit so Apple shareholders and Apple diehard fans still have something to brag about.
Because IDC is garbage. Back in 2011 they claimed Microsoft would overtake Apple to become the number 2 mobile operating system. Riddle me this though: services have a 60%+ gross margin and are becoming a bigger percentage of Apple’s overall revenue yet overall gross margins are flat to down (I believe Apple guided to 37-38% next quarter). If Apple was price gouging on hardware wouldn’t gross margins be up?Curious numbers.
Apple iPhone revenue dipped 20% from last year, and they think that adds up to a 30% decline in sales? ASP would have to climb to $851.
If anyone claims iPhones are too expensive, they are wrong since Apple further increased their ASP (if you believe this report). Therefore, people are buying more of the expensive iPhones.
However, recent reports from analysts have claimed the iPhone XR is the most popular selling model. An Apple executive is also said to have confirmed this. If Apple's cheapest model is the best seller, then how does the IDC reconcile their claims in this article with the new record high ASP of $851? You can't have it both ways (claim really low sales and a high ASP while also claiming the cheapest iPhone was the best seller).