Chinese phone maker Oppo gave the world a first glimpse of its upcoming smart watch. And it’s a total Apple Watch clone.
Apple dominates the wearables market, and Oppo seems like it wants to borrow some of its thunder.
Apple’s current AirPods Pro supply woes could soon get much worse, thanks to the new coronavirus spreading throughout China.
Before the coronavirus outbreak, Apple ordered suppliers to produce 45 million AirPods units to catch up with the huge demand. Then, manufacturers shut down production lines through February 10 due to the fast-spreading virus. Now a new report cautions that suppliers might not have enough components to fulfill Apple’s order when production resumes.
When Apple reported an all-time record for quarterly revenue Tuesday, it got a big boost from one of its smallest products: the AirPods Pro.
Despite severe supply constraints, the new wireless earbuds helped Apple sell $10 billion worth of wearables and accessories in the holiday quarter, a 37% jump from a year ago, the company reported. Revenue for the wearables sector grew 17% to a new all-time record of $12.7 billion.
The first Apple earnings report of 2020 was a smashing success that shattered most of Apple’s previous records. Thanks to shockingly strong iPhone sales and a surging wearables business that is bigger than the Mac and the iPad, Apple managed to surpass even the most optimistic expectations.
Apple CEO Tim Cook held a call with investors after the numbers came out to dive deeper into the impressive quarterly results. Cook dished on everything from the success of Apple TV+ and problems with AirPods Pro supplies to the Wuhan coronavirus affecting China. If you didn’t get a chance to join the call, don’t worry, Cult of Mac has you covered with all the need-to-know info.
Apple is struggling to keep up with demand for the AirPods Pro, says Citi analyst Jim Suva. And it’s “not due to manufacturing issues.”
Speaking with CNBC, Suva noted how there was a “several week delay” for customers to get AirPods over the holiday season. According to Suva, this is due to such strong demand for the products that Apple simply “can’t keep up.”
The “earwear” product category, made up of devices like the AirPods, is set to explode in the next few years. According to a new report by the International Data Corporation, the market for hearables will increase from 139.4 million units this year to 273.7 million in 2023.
The firm doesn’t break down projected sales by brand. However, with Apple’s market-leading status thanks to AirPods, it’s likely that Cupertino will do exceptionally well.
Apple continues to expand its dominance of a wearable device market that only gets hotter with each quarter.
Thanks to a price reduction on the Apple Watch Series 3 and the launch of AirPods Pro, Apple snagged 35% of the market share in the third quarter, a year-over-year growth increase of more than 195%.
Apple Watch continues to storm ahead of the competition in the North American wearables market. In the second quarter of 2019, it carved a 37.9% market share, according to new figures released by Canalys.
The market research firm claims that Apple shipped 2.9 million units during the quarter. That’s considerably more than those shipped by Fitbit, Samsung, Garmin, or others.
Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today.
The iPhone-maker brought in $53.8 billion in revenue, a number within range of its own guidance and most analysts’ predictions. That set a new record for Apple third-quarter revenue — a slight gain from Q3 2018’s $53.3 billion. CEO Tim Cook touted the company’s subscription offerings for fueling the new all-time high.
Apple Watch has the lion’s share of smart watch sales today, and that’ll hold true through at least 2023, according to a market-research firm. This ultra-mobile computer will stay in the lead as the entire market for wrist-worn wearables grows strongly.
Sales of AirPods and other hearables are also expected see healthy growth in the coming years.
