Apple must defend in court bullish statements made by CEO Tim Cook and other executives about 2018 iPhone demand. iPhone sales were actually slowing at the time, leading to a drop in the company’s share price.
A judge ruled Tuesday that a shareholder lawsuit accusing the company of deliberately misleading investors can go ahead.
While COVID-19 certainly overshadowed Apple’s most recent financial quarter, the company actually saw an annual increase in revenue, with the growth primarily coming from services and wearables.
Looking ahead, the company predicts that Mac and iPad sales will be strong. And CEO Tim Cook remains confidant about Apple’s future.
New data reveals the COVID-19 pandemic is having a significant impact on iPhone sales in the United States. Apple Store closures fueled a 56% drop in March. Average selling prices have also crashed.
iPhone XR took the top spot in the global 2019 phone sales, according to market researchers. And these analysts highlight that the 6.1-inch iPhone 11, a model only available in the final four months of 2019, also outsold every other handset.
Apple made six of the top 10 best-selling phones in 2019.
Foxconn reportedly won‘t be able to resume iPhone assembly on Monday. Its plants in China where Apple handsets are put together have been closed since before the Lunar New Year to prevent the spread of the coronavirus, and the government has allegedly forbidden them to reopen next week, literally on pain of death.
Apple pulled in more revenue and profits last quarter than it ever has before. These numbers were buoyed by strong iPhone and wearable sales. But the news isn’t all good.
Check out these charts that show with a glance how the company made its money last quarter.
January 26, 2016: After nine years of spectacular growth, iPhone sales flatline for the first time.
Numbers posted by Apple show that during the final three months of 2015, iPhone sales grew by only 0.4%. The crucial holiday season sales compare quite unfavorably with the 46% jump recorded during the same period a year earlier.
The budget iPhone 11 version was Apple’s biggest seller by a very wide margin last quarter, according to a market-research firm. It has the lion’s share of all iOS sales.
Still, the 11 Pro and 11 Pro Max also sold fairly well in Q4 2019, making up a higher proportion of Apple’s total sales than the iPhone XS series did in the same period the year before.
The 5G iPhone coming this fall is widely expected to be a huge windfall for Apple. But this handset might then turn around and hurt the company next year, according to a pair of market analysts.
And their prediction is equally bad news for those planning to upgrade to the 5G iPhone.
Apple’s share price is more than double what it was this time last year. Cult of Mac asked prominent market-analysis firms to explain this meteoric rise. Several of them listed not just the upcoming debut of the 5G iPhone for investor optimism, but also the imminent launch of a budget model.
