It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Apple admits it is going to miss iPhone sales Apple admits it is going to miss iPhone sales
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Apple admits it is going to miss iPhone sales
Reply
 
Thread Tools
Old 4th January 2019, 08:01   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Apple admits it is going to miss iPhone sales

About as much on target as an Imperial stormtrooper bagging Ewoks

Apple CEO Tim Cook published a letter to investors warning of weaker than expected first quarter earnings.

In the letter, he admitted that fewer people were locked into the route of automatically upgrading their iPhones for whatever price Apple demanded.

Cook claimed that the weakened demand came from China, but he noted that in “in some developed markets, iPhone upgrades also were not as strong as we thought they would be”.

However, the excuses Cook comes up with fails to mention any arrogance or stupidity on Apple’s part.

In his letter, Cook blamed the earlier launch timing of the iPhone XS and XS Max compared to the iPhone X, the strength of the US dollar, supply constraints due to the number of new products Apple released in the fall, and overall economic weakness in some markets.

Of course, it is nothing to do with Apple or the fact people don’t seem to feel the need to pay over the odds for technology they can buy for less when last year’s phone worked fine.

“Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfalls to our guidance and much more than our entire year-over-year revenue decline.”

Trying to see the glass half full, Cook noted that other divisions of Apple have risen by 19 percent year over year. The truth remains that the iPhone has long been Apple’s core business and if Apple can’t sell enough of them, the whole company struggles. Apple had plenty of time to find another cash cow, and it didn’t.

Cook said: “the trade tensions between the United States and China put additional pressure on their economy” which resulted in fewer customers. But Cook also mentioned fewer carrier subsidiaries on new iPhones, as well as the dramatically lowered battery replacement price for older models (due to Apple’s iPhone slowdown drama from late 2017), as contributing factors.

Apple’s revised Q1 guidance forecast is dropping by up to $9 billion in revenue compared to its original estimate. Apple’s stock dropped by nearly 10 percent once trading resumed.

https://fudzilla.com/news/mobile/478...s-iphone-sales
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple iPhone sales slump Stefan Mileschin WebNews 0 5th August 2018 19:23
Apple's iPhone sales dropped during the holidays Stefan Mileschin WebNews 0 4th February 2018 19:46
Apple admits iPhone X has screen problems Stefan Mileschin WebNews 0 11th November 2017 06:40
Tame Apple Press admits Iphone 8 will be a bit of a yawn Stefan Mileschin WebNews 0 26th February 2017 14:20
Apple's iPhone sales keep falling Stefan Mileschin WebNews 0 26th October 2016 09:33
Xiaomi might miss sales targets Stefan Mileschin WebNews 0 20th December 2015 16:29
Tim Cook admits iPhone 5C demand didn’t meet Apple’s expectations Stefan Mileschin WebNews 0 29th January 2014 08:04
Apple stays quiet on iPhone 5C sales Stefan Mileschin WebNews 0 18th September 2013 09:33
Apple iPhone Sales Fall in China Stefan Mileschin WebNews 0 30th July 2012 10:16
Nvidia to miss out on holiday sales Sidney WebNews 4 13th November 2007 23:40

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 13:27.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO