Apple’s holiday quarter earnings could be insane

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Tim Cook earnings apple
Apple earnings could be about to reach new heights.
Photo: Ste Smith/Cult of Mac

Apple enjoyed an incredible start to 2018 thanks to a record-breaking holiday quarter, but according to one analyst, this year’s will be even better.

Thanks to an impressive new iPhone lineup and the best Apple Watch yet, revenue could reach insane new heights as we see out 2018. iPhone sales alone are predicted to surpass a staggering 81 million units!

iPhone XS sales take average selling price to record heights

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iPhone XS and XS Max
Have you bought yours yet?
Photo: Ste Smith/Cult of Mac

iPhone XS and iPhone XS Max sales have started off so strongly that they’ve helped Apple’s average selling price reach record heights, new data suggests.

The latest flagships accounted for 16 percent of all Apple handsets sold in the U.S. last quarter, despite being on sale for just ten days of it. Last year’s iPhone X continues to sell well despite being outdated now, while iPhone 8 and 8 Plus were the most popular options.

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Fortnite on Android
Epic Games won’t give Google a penny.
Photo: Epic Games

iPad remains top dog as tablet market shrinks

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iPad-Pro
It's time to cash in on your old iPad.
Photo: Ste Smith/Cult of Mac

The iPad remains the king of tablets after strong sales helped the device grab its highest share of the worldwide tablet market since 2014.

Apple confirmed on Tuesday that it sold 9.1 million iPads last quarter, which helped its market share grow 2.1 percent despite a drop in overall tablet shipments.

Apple shares fall after iPhone chipmaker cuts sales forecast

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iPhone X laying down
The iPhone will continue to get more expensive, thanks to you.
Photo: Ste Smith/Cult of Mac

Apple shares fell 3 percent this morning after iPhone chipmaker Taiwan Semiconductor Manufacturing (TSMC) cut its revenue forecast for the second quarter of 2018.

The company and industry analysts point to weak demand for high-end smartphones as the main reason for the poor guidance. This likely has something to do with the fact that iPhone X sales have been in the gutter since early hype quickly died out late last year.

HomePod inventories pile up after early demand dies quickly

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Apple HomePod volume controls
HomePod sales are already suffering.
Photo: Ste Smith/Cult of Mac

Apple has been forced to cut HomePod orders as inventories continue to build up in its retail stores, according to a new report.

The $349 speaker enjoyed a promising start when it made its debut in February, but demand has fallen quickly as smart speaker shoppers turn to more affordable options from the likes of Amazon.

iPhone X spells doom for pricey smartphones

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iPhone X laying down
The iPhone will continue to get more expensive, thanks to you.
Photo: Ste Smith/Cult of Mac

iPhone X looked set to become the beginning of a worrying smartphone trend when it went on sale last November, sporting a hefty $1,000 price tag. We were sure future flagships would be similarly expensive. But consumers just aren’t having it.

With iPhone X demand showing no signs of improvement in 2018, analysts are warning that the market “may not tolerate” rising smartphone prices.

Apple’s new 6.1-inch iPhone is expected to sell like crazy

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iPhone X laying down
The iPhone will continue to get more expensive, thanks to you.
Photo: Ste Smith/Cult of Mac

Apple’s upcoming 6.1-inch iPhone will be a smash hit, according to one reliable analyst.

It is expected to become the most popular model in the 2018 lineup, thanks mostly to its more affordable price tag. Sales could total a whopping 100 million units over its lifetime.