Foxconn is best known for assembling iPhones, so it’s watched as a sign of demand for Apple’s most important product. The Chinese company just reported its revenue increased 30 percent last month, an indication that there’s plenty of demand for the iPhone XS models that debuted in September.
This is just the latest hint that Apple’s latest are performing well.
Almost everyone who wants a smartphone already has one, so device makers depend on upgrades among current customers to make money. Fortunately for Apple, an analyst reports there’s a surge of interest in buying a newer model.
The rising desire to upgrade isn’t limited to iPhone users, but the analyst says Apple will benefit the most.
September 22, 2014: Apple notches a new sales record with iPhone 6 and iPhone 6 Plus, selling a massive 10 million units in the first weekend the handsets go on sale.
The eagerly anticipated phones bring a redesigned form factor that will persist for years. The most obvious change? Larger 4.7-inch and 5.5-inch displays that lure phablet fans. The iPhone 6 and 6 Plus also boast an A8 chip, improved iSight and FaceTime cameras, and — significantly — Apple Pay.
Three members of Apple’s executive team in India have departed, due to the company’s ongoing struggle to boost iPhones sales in the world’s fastest-growing major smartphone market.
The execs include Apple’s national sales and distribution chief, the head of its commercial channels and mid-market business, and the head of telecom carrier sales. Apple’s Indian sales team is now restructuring as a result.
There’s a lot of good news in Apple’s second earnings report of 2018 that should keep investors happy going into the next quarter.
Revenue during Q2 2018 hit an all-time high for a March quarter at $61.1 billion, thanks in large part to 52.2 million iPhones sold. Apple CEO Tim Cook says iPhone X sales are still killing it, too.
January 26, 2016: After nine years of spectacular growth, iPhone sales flatline for the first time.
In numbers posted by Apple for the last three months of 2015, iPhone sales grew by only 0.4 percent over the holiday season. That compared quite unfavorably with the 46 percent jump recorded during the same period a year earlier.
The iPhone 8 line may be Apple’s latest and greatest, but so far has not kept up with older, better-selling sibling, the iPhone 7.
Carrier store surveys conducted by KeyBanc Capital Markets suggests the iPhone 7 handsets are bucking history by outselling the iPhone 8 and 8 Plus. Several respondents claimed the iPhone 8 models were not enough of an upgrade, while others are waiting to compare the 8 to the iPhone X. The iPhone X will ship next month.
Apple will open an online store in India to start selling iPhones, which it may begin making locally within the next couple of week.
Selling iPhones it makes in India is Apple’s first big step in competing for market share in a country with rapidly growing smartphone sales.
Apple is reportedly cutting iPhone 7 and iPhone 7 Plus orders less than three months after their debut due to falling demand.
Momentum has fallen “significantly” in China and other markets, according to sources in Apple’s supply chain, and component makers are already shifting their focus to iPhone 8.
Apple can’t make enough iPhone 7 devices to satisfy demand from customers (and from Wall Street to make more money).
During Apple’s Q4 2016 earnings call today, Apple CEO Tim Cook and CFO Luca Maestri hinted that big things are in the pipeline that should put the company back on track to growth — and it all starts Thursday with the MacBook Pro.
Here’s what we learned from the Q4 earnings call:
