Saturday, 17 November, 2018

Why Apple shares are selling off

Apple unveiled the new iPhone 8 iPhone 8S and iPhone X at its launch event in California last year Image Apple's iPhone sales figures are largely based on the iPhone 8 iPhone 8S and iPhone X because the Xs range only went on sale a month ago
Laurie Berry | 04 November, 2018, 23:28

However, the market was disappointed by word that Apple fell short of expectations with iPhone sales of 46.9 million iPhones and its forecast for the key holiday season was not as robust as anticipated. If you're wondering "Why fourth quarter?", it's because the fiscal 2018 ends three months earlier than the calendar 2018.

Apple has provided investors with this information for the past 20 years, with the upward trajectory of iPhone sales in particular over the past decade helping drive its market value up. Apple raised prices on most of the devices, a relatively recent strategy to offset slowing unit sales growth. The company will instead focus on the revenue generated.

Apple benefits from the shift because it's able to generate more revenue on its products by raising its prices. As we talked about a few days ago, the Services segment of Apple's business has seen a tremendous growth over the last year and has reached $10 billion in revenue, more than a 25% increase year-on-year. Revenues were $62.9 billion in the quarter, also ahead of the Street's estimates. iPhone unit sales is where the company's results faltered in the eyes of the investment community. The company's shares plunged 4% as soon as the report was released. Apple is still rated "Buy" on Game Trader, which means some Shackers may want to look to scoop up some shares on the cheap while they can.

"A unit of sale is less relevant today than it was in the past". Apple stocks plunged another 6.7% after the conference call.

"We believe C2019 will be a tough year for all smartphone players due to the market transition from 4G to 5G". But Apple has been creative in the way it deals with it.

Restored U.S. sanctions on Iran cover shipping, financial and energy sectors
But only time will tell if Iran's regional policy has changed sufficiently to satisfy Trump and achieve his goals. These countries were reported to include U.S. allies Japan, India , South Korea, Italy and Turkey.

For the firm's full 2018 financial year, profits increased 23% to $59.5bn, as revenue rose 16% to $265.5bn.

This also led to the company's marketshare dropping by more than half to just about 1 per cent of the Indian market.

So at this point these are the cheapest alternatives to the new iPhones that are quite expensive - even the iPhone XR.

Cook on Thursday called the company's problems in India "speed bumps along a very long journey" and most analysts say that the prestige of Apple's brand should allow it to claim back lost ground as Indians' spending power continues to grow. With so many users within the Apple ecosystem, the company now has the opportunity to monetize more services, improve existing services, and add new ones like Apple's Search Ad business on the App Store. It's also the central hub for connecting the other devices and using services.

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