Earlier this week, The Wall Street Journal reported that Apple has cut its iPhone 5 component orders by as much as half following “weaker-than-expected” demand for device. The news sent Apple’s stock price plummeting, but according to some analysts, there’s nothing to worry about. iPhone 5 demand is doing just fine, according to Sterne Agee’s Shaw Wu, and the component cuts are in no way related to poor demand.
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The Wall Street Journal reports that Apple has recently cut component orders for the iPhone 5 due to weaker-than-expected demand. The device enjoyed a successful start when it launched in September 2012, quickly becoming the Cupertino company’s fastest-selling iPhone. It appears, however, that sales since then haven’t quite been what Apple was originally expecting.
Apple is one of just two smartphone makers currently seeing any kind of growth in the United States at the moment, and together with Samsung the company is slowly but surely clawing away at the market share held by the likes of LG, Motorola, and HTC. One analyst believes, however, that the Cupertino must make big changes if it wants that growth to continue.
Apple’s either has to dramatically reduce its iPhone profit margins and make the handset cheaper, or face losing valuable market share to cheaper smartphones.
After months of steady growth, Apple stock hit an all-time high of $705.07 in late September, and it seemed there was no sign of stopping it from breaking through the $1,000 barrier and making Apple the world’s first trillion dollar company. Take a look at the market today, however, and it paints a very different picture.
Apple stock fell a whopping 25% in November, and on Friday, it hit a ten-month low. Today, shares dipped below the $400 mark. This is despite the recent launch of the iPhone 5 and the iPad mini, both of which appear to be selling incredible well. Can the Cupertino company put an end to this nasty slide? Analysts don’t think so.
Android has been dominating the iPhone in terms of market share, but if consumers decide to buy what they really want right now the two platforms’ roles might be reversed. In a new survey, Apple analyst Gene Munster found that 53% of smartphone buyers plan to buy an iPhone 5.
Whether those prospective iPhone 5 owners actually go out and buy the iPhone 5 is a whole other story, but Munster says that interest in the iPhone 5 is growing despite the Maps app fiasco.
The iPad mini is such an incredible device that many of us assumed it will start to cannibalize sales of the iPad early on.
Last month we saw some early analysis that claimed the iPad mini is cannibalizing the sales of PCs, not iPads. However, a new report from Sterne Agee’s Shaw Wu is predicting that the iPad mini is starting to eat into the iPad’s sales.
Apple launched the fourth-generation iPad back in October, introducing a new A6X processor, a FaceTime HD camera, and its new Lightning connector. But despite those improvements, it appears the device isn’t selling as well as its predecessors. The reason? Another tablet is “cannibalizing” its sales.
But that tablet isn’t from Microsoft, or Google, or Amazon — or any other manufacturer for that matter. That tablet is the iPad mini.
Gene Munster, everyone’s favorite Apple analyst, spoke at Business Insider’s IGNITION Conference today in New York City. One of the topics Munster hit on was the Apple TV. For years, Munster has been one of the biggest proponents of Apple releasing a literal TV. His most recent prediction pushed the product’s announcement to the end of next year, while last year he predicted that Apple would start shipping in early 2013.
Apple’s real plans for the living room remain to be seen, but today Munster explained his reasoning for why Apple didn’t announce a HDTV this year.
Apple has been trying to get some sort of new TV product off the ground for quite some time. We’ve seen prototypes of an actual Apple iTV, and there’s also been speculation that Apple will introduce a TV set-top box that streams live broadcasts over the internet.
While licensing agreements still need to be reached with Hollywood studios and cable companies, Apple’s mythical TV device is gearing up for an “imminent” launch, according to a new report.
Apple is the only consumer electronics company in the world that consistently releases new gadgets that sell in their millions during the first few days of availability. During their respective launch weekends alone, Apple sold 3 million third-generation iPad units, 4 million iPhone 4S units, and 5 million iPhone 5 units.
In fact, the company’s iOS devices have become so popular that they’re now considered a failure if they don’t sell several million within their first 72 hours on the market. According to one analyst, the iPad mini has to shift at least 3 million units this weekend for it to be considered a successful device.