Even though the iPhone 7 was only on sale for two weeks during Q3 2016, it accounted for more than 40 percent of all iPhone sales in the United States, according to Consumer Intelligence Research Partners.
With quarterly revenue declining for the first time in more than a decade, Apple execs Tim Cook and Luca Maestri put on their game faces during today’s Apple earnings call to tell us why things aren’t really all that bad in Cupertino.
The sad truth is that slumping iPhone sales, which joined the iPad and Mac lineups in the down column, will likely take a toll on Apple’s image — and on its stock price.
Still, there were plenty of other intriguing and optimism-inspiring things we heard during Apple’s Q2 2016 earnings call. Here are the most important takeaways from this historic Apple moment.
Forget about the “peak iPhone” problem: Goldman Sachs thinks this year’s iPhone 7 is going to be a big one for Apple.
Coming off the back of Apple selling its billionth iPhone sometime this summer, the bank’s senior equity research analyst Simona Jankowski says the number of people clamoring to get their hands on Apple’s next-gen iPhone will be “remarkably high.”
Four years ago Apple hit the milestone of selling more iPhones per day than babies born per day. Now, four years later, we wanted to revisit those statistics since iPhone sales have grown quite significantly since then. It turns out, with current sales numbers, Apple sells nearly two iPhones for every baby born.
The math works out like this: Apple sold a record total of 231.4 million iPhones in 2015. Divide that number by 365 days in a year to get 633,963 iPhones sold every single day. The UN estimates that there are 360,000 babies born every day across the world. So technically, that comes out to 1.76 iPhones for every one baby.
India has indicated it will bypass the usual regulations for foreign companies and grant easy approval for Apple to establish retail outlets there.
This comes as CEO Tim Cook tries to tap new global markets, especially India, a country of 1.3 billion people where it has seen small gains in iPhone sales.
Apple is set to reveal how much money it made over the 2015 holiday shopping season, and per usual, it’s expected to be a record-breaker.
Tim Cook and Luca Maestri will dive into all the details of Apple’s Q1 2016 earnings report tomorrow at 2 p.m. Pacific but there’s really only one number Wall Street really wants to know: total iPhones sales. Even though Apple may record its highest earnings ever, some analysts are predicting that iPhone sales may have declined for the first time, which could send Apple’s stock price sinking.
Here are six things to watch for during Apple’s Q1 2016 earnings call:
Analysts with sobering certainty say Apple is set to report its first ever decline in iPhone sales. Reports of cutbacks in production and shipments, and chatter about the iPhone 6s and 6s Plus not offering enough new features to inspire a rush to upgrade all point to one bummer of an earnings report.
But they might be overlooking one indicator – sales of older iPhones.
Apple posted record sales in India during the final quarter of 2015, positive financial news for Cupertino amid forecasters predicting a rough start to the new year.
Apple shipped a record 800,000 devices to India from October through December, a record spurred by a wider distribution base, discounts, buybacks and installment plans.
Apple has never reported a decline in iPhone sales. That may be about to change, however, with seven top Apple analysts all predicting that the company is either experiencing — or on the verge of experiencing — a drop in the number of iPhones being bought.
This time of year yields more Apple doom predictions than New Year’s resolutions, so it’s no surprise that Apple analysts have been naming 2016 as the year iPhone sales finally fall off a cliff.
But according to Brean Capital, not only is Apple stock still worth buying, with a $170 price target, but investors should look through the “supply chain ‘noise'” and see the potential for iPhone sales to hit around 250 million units next year — or 7 percent to 10 percent growth from Apple’s already stellar 2016.
Apple convinced us we couldn’t live without a smartphone. Now many of us have a smartphone in hand and Apple may be facing the curse side of the blessing — finding new customers for the iPhone.
Credit Suisse recently issued a report to investors that further fuels speculation that iPhone sales will dip for the first time since Apple introduced it in 2007. The upshot: Smartphone ownership is approaching 100 percent. We’re nearing “peak smartphone.”
The share of Apple’s iPhone Plus models is gradually growing compared to “regular size” iPhones, according to a new report.
Research firm Consumer Intelligence Research Partners notes that the percentage of iPhone customers who bought the larger iPhone 6s Plus in its first 30 days on sale increased to 37 percent, up significantly from the 25 percent who bought the iPhone 6 Plus.
Apple is scheduled to reveal its earnings for the final fiscal quarter of 2015 on Tuesday, October 27, and investors are expecting monstrous results.
Sales of the iPhone 6s and iPhone 6s Plus should boost revenues to new heights after Apple announced that it sold a record 13 million units of the new devices during launch weekend alone. Exactly how many iPhones Apple sold won’t be revealed until the bell closes, but Tim Cook seemed pretty optimistic in a recent interview.
Cook told The Wall Street Journal that Apple Watch shipped even more watches last quarter than in the first quarter. It’s unlikely Apple will give us the actual Apple Watch sales figures during the earnings call, but there should be a lot of juicy Apple bits.
Here’s everything to expect from Apple’s Q4 2015 earnings:
The iPhone 6s hit shelves in India over the weekend – and on the shelves are where most of them stayed.
According to reports in that country, Apple saw lukewarm sales of the iPhone 6s and 6s Plus during launch there. With the cost on the entry level 16 GB iPhone 6 at $925, many analysts say Indian consumers may be waiting for prices to drop before upgrading.
According to a new research note issued by UBS’s Evidence Lab, the latest quarterly sales for the iPhone are set to be even more impressive than most people are anticipating.
And given that nobody is sleeping on the iPhone’s success as it is, that means some astonishingly big numbers.
T-Mobile only recently started selling the iPhone, and it has proven to be a very good thing for the struggling carrier. By marketing itself as the hip “Un-Carrier” that charges less up front, T-Mobile is starting to see better days.
After the company reported healthy growth in its quarterly earnings report today, CEO John Legere made some comments about T-Mobile’s relationship with Apple. He said the carrier looks forward to carrying a “whole array” of Apple products in the future, hinting at more than just the iPhone. Could the iPad be next for T-Mobile after Apple announces new devices this fall?
Earlier today, we learned that Verizon actually sold a lot more iPhones last quarter than anyone expected, and now it looks like Apple might also be able to say the same. In fact, a Morgan Stanley analyst is now saying that her supply chain checks say Apple will beat their guidance this quarter by a sizable margin.
The NPD Group announced a report today that confirms what many other analysts and data firms have been saying for a while now: Apple and Samsung are the top smartphone brands in terms of growth. Samsung and Apple’s combined unit sales rose 43 percent in the last year, from the second quarter of 2011 to the just finished second quarter of 2012. Other smartphone makers’s unit sales fell 16 percent.
It’s one thing to listen to the number of iPhones sold during an Apple financials call and be impressed by the sheer volume and popularity of the iPhone. It’s also easy to miss the overall impact of those incredibly high numbers without some context.
Gartner’s latest mobile device data, however, offers an excellent point of context – just under 8% of all mobile phones sold worldwide last quarter were iPhones.