Apple Jan-March revenue up 16% at $61 bn; plans $100 bn buy-back
06 May, 2018, 00:09
If it comes as a cushion to all you Android fans out there with your tails in between your legs, Strategy Analytics expects the Samsung Galaxy S9 sales to pick up within the second quarter of the year, so we might see Android devices at least try to make a better impression.
Apple has shipped almost 50 million iPhone X units across the globe since its commercial launch in November 2017.
The report further says Apple shipped nearly 50 million iPhone X units since its launch in November 2017. The iPhone 7 also shipped 5.6 million units. According to the latest data from Strategy Analytics, the iPhone X was the best-selling smartphone model on the planet in Q1 2018, shipping 16 million units all around the world.
In the future, Apple is preparing to launch a new lower-cost iPhone that looks similar to the iPhone X and has some of the same features. The phone is powered by the A11 Bionic chip, which is also on the iPhone 8 series. Bears have cautioned against slowing demand for the Cupertino, California-based tech giant's 10th anniversary iPhone X, which starts at a price tag of $999. Finally, Delphi Private Advisors LLC grew its position in Apple by 8,292.9% during the 4th quarter.
Tim Cook touted the success of the iPhone X during this week's Q2 earnings call, with a couple of notable facts. The iPhone X was followed by the iPhone 8 with 12.5 million units sold during the quarter.
The iPhone X shipments in Q1 2018 comprises nearly 5 percent of the total smartphone shipments in this quarter. Catawba Capital Management VA's holdings in Apple were worth $23,078,000 at the end of the most recent reporting period. The research has corroborated Cook's claim that iPhone X was the most popular iPhone model in March as well as the December quarter.
There was also quite a bit of speculation that, given the difficulties in the Chinese smartphone market lately, with slowing sales and increased competition, the iPhone X might be in for a rocky ride.
It's important to note that in Q1 2017, according to Strategy Analytics, Apple's two top-5 entries on this same list accounted for 11% of the market. The S9 Plus offers an attractive package for Android enthusiasts with a bezel-less design, curved display and a rich portfolio of apps. Maxim Group lowered their target price on shares of Apple from $210.00 to $204.00 and set a "buy" rating for the company in a report on Wednesday. Xiaomi has become wildly popular across India and China. "Xiaomi is selling a huge volume of smartphones through online channels, with key retail partners including Flipkart and JD", Linda Sui, director at Strategy Analytics, said.
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