Gotta wonder how Mr. Cook is taking the news…
The weirdest thing has to be how their marketshare increased while their sales dipped, and the opposite happened to Huawei.
Their market share went down 4% and Huawei went up 7.8%
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Apple Shipped an Estimated 36.4 Million iPhones Worldwide in Q1 2019, a 30% Year-Over-Year Decline
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Their market share went down 4% and Huawei went up 7.8%
Keep making $1000+ phones! I guess they haven't learned the mistake for making $1000+ Apple Gold watch. Greed
One major factor in the after hours share price rise is the huge share buyback that was announced at the same time. Not coincidentally.
RE "Apple shipped an estimated 36.4 million iPhones worldwide during the first calendar quarter of 2019,"
I think the number is closer to 45M units.
I think the number is closer to 45M units.
30% decline is massive. Doesn’t matter how big or small a company is. Doesn’t matter how much money they have in the bank. 30% decline is still massive no matter how you spin it. I’m in no way saying Apple is “doomed”. Just saying 30% is a massive decline. If a company GREW by that same % they would be celebrating from the internet rooftops.
Google Pixel 3 is irrelevant from a global perspective due to lack of availability. Most smartphone consumers will count the number of lenses, check with key influencers, and maybe look at DxOMark. When Apple charges $999 and loses in 2 out of the 3 above mentioned comparisons, consumers seriously consider alternatives. The shipment report from IDC today reflects that trend.
So where is the outcry for all of their non Chinese competitors that make similar phones at even higher prices?
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They budgeted for 75 Billion to be added to their plan. Just like they increased dividends.
You mean they factored in the new share buyback program Apple announced. They're going to blow through their cash pool propping up their failing stock.
Apple has simply made the most basic mistake of pricing yourself out of the market it’s a classic mistake that companies avoid well not Apple, never charge too much or you end up pricing yourself out of the market and once that happens there’s no real way of coming back.
Apple smartphone business is basically over.
Apple smartphone business is basically over.
Apple needs to make a new 5” phone for $299. Polycarbonate is just fine. It can even have the same specs as the $449 iPhone 7, but they should call it the iPhone 8c. It will sell like gangbusters.
Authorizing another $75B in buybacks is not the same thing as buying $75B of stock in one day (which is what I responded to -- a post that implied that todays price was up because of $75B of buybacks in one day)
This really shouldn’t come as any surprise.
It was bound to happen. Apple has been asleep at the wheel, resting on their laurels and charging too much.
Meanwhile the competition has caught up with affordable and in some cases, better designed phones.
It was bound to happen. Apple has been asleep at the wheel, resting on their laurels and charging too much.
Meanwhile the competition has caught up with affordable and in some cases, better designed phones.
The solution is simple. INCREASE THE PRICES MORE, AGAIN
And cut R&D on the iPhone line to save money. Maybe switch to 1 phone every 2 years, nobody updates every year anyway.
Oh please. Huawei themselves have said they work with the communist PSB in Xinjiang deploying surveillance technology. I wouldn’t use Huawei phones if they were free..
You're deflecting. The point is Apple had a huge decline in iPhone sales last qtr. No other way to spin it.
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I think it's closer to 23M units.
Imagine if Apple instead invested a portion of the $75B into display tech - they would have micro LED screens in no time!
No they most certainly didn’t take $75B of Apple stock off the market today. That’s not how a buyback authorization of that magnitude works.
Lmao come on man, the average buyer hasn’t even heard of dxomark, youtube influencers and all that. They just walk in the store, play with an iphone, they see that it doesn’t really do anything more that their old iphone can’t, then they look at the price tag and walk away. “Maybe next year”. I work in an Apple Premium Reseller store, so i see this s**t every day.