iPhone falls ‘flat’ as Chinese smartphones dominate sales

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Q3 iPhone XS Max
The iPhone XS Max is selling better than its slightly smaller brother, the XS.
Photo: Leander Kahney/Cult of Mac

The iPhone turned in a “flat” third quarter while Chinese brands Huawei and Xiaomi droves sales in their home country to grow their shares of the global smartphone market.

The smartphone market grew by 1.4 percent to reach 389 units. Take Huawei and Xiaomi out of the equation, and global sales would have declined by 5.2 percent, according to the research firm Gartner, Inc.

iPhone XR isn’t a dud. It’s Apple’s best-selling model.

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Long-term iPhone XR demand could eventually lead to greater sales than the iPhone XS.
iPhone XS seems to be selling well, but iPhone XR sales are stronger.
Photo: Apple

In a change for Apple, its best-selling model isn’t its most expensive. A company VP says the iPhone XR has outsold the iPhone XS series since the cheaper device came out last month.

Perhaps this will allay recent nervousness about how well Apple’s latest device is selling.

Goldman Sachs worries that iPhone demand is ‘deteriorating’

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iPhone XS Max
Apple's new iPhones are great. But are they the money-spinners Apple is hoping for?
Photo: Ed Hardy/Cult of Mac

Goldman Sachs has added its name to the list of financial institutions worried about stagnating iPhone sales.

“We are concerned that end demand for new iPhone models is deteriorating,” Goldman Sachs wrote in a new note to clients. The firm estimates that Apple will produce 6 percent fewer iPhones next year than it did in the year previous. However, the big investment banking company admits it could be jumping the gun.

Optimistic analyst gets gloomy about iPhone XR

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iPhone XR performance is stellar, far better than many Android devices that cost more.
Some of the early optimism about iPhone XR sales might have been unjustified.
Photo: Apple

Respected Apple analyst Ming-Chi Kuo just slashed his estimates for the number of iPhone XR units that will sell over the next year. That’s a real turnaround, as Kuo had previously been bullish on Apple’s latest handset.

And he’s not the only analyst expressing concerns about sales of the iPhone XR. But it’s also possible this model is just following a pattern first laid down by the iPhone X.

Apple posts record-breaking Q4 2018 earnings

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apple
Q4 is another record-breaker.
Photo: Ste Smith/Cult of Mac

Apple just posted its Q4 2018 earnings report and, per usual, it was another record-breaking quarter for the iPhone-maker.

Revenue and iPhone sales came in slightly higher than Wall Street’s expectations, while Services revenue hit an all-time high of $10 billion. Another record-breaking quarter looks like it’s on the horizon, too. Apple CEO Tim says the company is heading into the holiday season with its strongest lineup ever.

iPhone XR looks set to become a massive smash hit

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iPhone XR
Are you excited about the iPhone XR?
Photo: Apple

Respected analyst Ming-Chi Kuo thinks the iPhone XR is going to be a massive smash hit for Apple — and it seems everyone is being taken by surprise by how in-demand it will be.

In a recent note to investors, Kuo increased his estimate for fourth-quarter iPhone XR shipments by 10 percent. Instead of 33 million to 35 million iPhone XR units over the quarter, he now thinks Apple’s suppliers will ship out 36 million to 38 million units.

Foxconn’s stellar September suggests strong iPhone XS sales

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China
Apple and Foxconn have especially close business ties.
Photo: Foxconn

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.

Huge number of iPhone users ready to upgrade

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iPhone XS, iPhone XS Max, and iPhone XR
Expect a rise in iPhone sales as users of Apple's current models move to the 2018 lineup.
Photo: Apple

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.