Monday, 12 November, 2018

Apple's growth in India becoming a challenge

Apple unveiled the new iPhone 8 iPhone 8S and iPhone X at its launch event in California last year Image Apple's iPhone sales figures are largely based on the iPhone 8 iPhone 8S and iPhone X because the Xs range only went on sale a month ago
Lloyd Bates | 04 November, 2018, 23:35

'We believe this represents a massive forward opportunity for Apple and, as such, welcome the news that the company is looking into streaming video services'. The period included about a week and a half of sales of the high-end iPhone XS and iPhone XS Max models, which cost as much as US$1,449.

"We were especially pleased with Mac momentum in emerging markets, with strong growth in Latin America, India, West Asia and Africa, and Central and Eastern Europe", said Apple's Chief Financial Officer Luca Maestri.

Analyst Walter Piecyk from BTIG said that the strength in average selling price in the quarter just ended suggested that Apple was targeting unit sales behind Wall Street estimates.

Apple has provided investors with this information for the past 20 years, with the upward trajectory of iPhone sales in particular over the past decade helping drive its market value up. They plunged further by 7% during the day's trading.

The technology giant's revenue for the last three months was 62.9 billion dollars (£48.4 billion) - up 20% on the same period past year - with a profit of 14.1 billion dollars (£10.8 billion).

Keep in mind that these are units refurbished by Apple itself, which means you they're tested, certified, cleaned, given a new battery and outer shell, and come with a one-year warranty that you can extend with AppleCare+.

Daniel Cormier retains UFC heavyweight title and calls out Lesnar again
If Daniel Cormier wants to come back down to light heavyweight, he'll challenge one of the contenders for my belt". We're definitely going to miss Cormier when he hangs up his gloves, which will likely take place next year.

USA to Grant Waivers to Some Countries Importing Iran Oil
The Trump administration is reinstating all U.S. sanctions on Iran that were removed under the 2015 nuclear deal. Earlier, Bloomberg reported that South Korea, India , and Japan are among the exempted countries.

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Both, the declining/stagnating sales and increasing ASP of iPhone, has been attracting enough criticism for Apple, especially at the time when the growth of the global smartphone market is largely driven by developing markets, likes of India. A simple calculation shows that on average, each iPhone sold brought Apple $793 in revenue.

Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The company is working on digital newspaper subscriptions and original video content for next year. Apple has also been trying to diversify its revenues away from device sales by offering additional services to its customers.

Shares hit $209.20, down from $232 at the start of October, even after Cook reassured investors that Apple's popularity in China remained strong, in the face of a strong United States and China trade war.

Apple earned $14.1 billion, a 32 percent increase from the same time previous year during the past quarter.

Customers look at new Apple watches, including the Series 4, at an Apple store in NY.

For the firm's full 2018 financial year, profits increased 23% to $59.5bn, as revenue rose 16% to $265.5bn. Apple launched new MacBook Pros in July.

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