Skip to main content

Apple’s Iphones Selling in Large Numbers in China Again

 In December 2018, Apple CEO Tim Cook was a worried man because of falling sales of iPhones in China, one of the most important markets for the company. In fact, he wrote a letter to the investors to be prepared for lower sales in the holiday quarter because of dropping iPhone sales in the Chinese market. It was the first time since 2002 that Apple CEO had to issue a warning to its stakeholders. Within a year, situation has reversed and sales of iPhones are increasing in China. In fact, 18% more iPhones were sold in China in December 2019 than in December 2018. This tremendous iPhone support from Chinese people has investors smiling again.

This performance of iPhones is even better than what was predicted by WSJ. In December 2019, Apple shipped half a million iPhones more than in December 2018. This jump in the sales of iPhones in China was reflected in the increasing stock prices of Apple on the stock market.

There can be no two opinions about the fact that China is a crucial market for Apple. Chinese market accounts for nearly 17% of the annual sales of Apple products. One product that drives the profits of the company is indeed iPhone.

If one compares the performance of the company in Chinese market in the last two years, he finds that sales of iPhones had dropped by almost 15% two years ago. Today, sales have increased by 18% over the past one year. One big factor in the decrease in sales of iPhones in China was the ongoing trade war between America and China. Sales were also negatively impacted by a slowing Chinese economy. Both these factors combined to hit the sales of iPhones throughout the last year.

Apple announced in April 2019 that its sale of iPhones in China dropped by 17% in the first quarter as compared to the sales figures of the first quarter in 2018. There were experts who even predicted sale of iPhones to drop as much as 50% if circumstances did not improve. In June 2019, Apple revealed that iPhones made up for less than half of the revenue generated by the company. This happened for the first time in the history of Apple. 

Fortunes of Apple changed after it launched iPhone 11 in September 2019. Sales of the new iPhone broke all previous records. This new iPhone had a better battery life and also a much better camera and yet it was made available at a price that was less than what customers expected. Apple noted a much better response to iPhone 11 from Chinese customers.

From the calls received by iPhone helpline across China, it has been estimated that nearly 60-70 million iPhone owners in China are likely to upgrade to the latest iPhone in the near future. With Apple likely to release 5G enabled iPhones this year, sales of iPhones in China is expected to increase even further.

In addition to all those who will jump to buy iPhone 5G as soon as it is launched in 2020, there will be millions more ready to upgrade their existing iPhones.

Comments

Post a Comment

Popular posts from this blog

Netflix to Go Tough on Password Sharing

 A lot of Netflix consumers have reported receiving a message from the company on their screens saying they need their own account to continue watching Netflix if they do not live with the account owner. The company was getting information that more than 20% of its consumers were sharing their account passwords with friends to allow them to watch Netflix illegally. Realizing this practice cost Netflix a massive amount of money,  Netflix support  has decided to go tough on this habit of password sharing by its customers. A spokesperson of Netflix confirmed sending such messages to customers when talking with the BBC. He added that the basic aim of the company behind sending these messages is to make sure that only authorized customers are using their accounts. The spokesperson also said that this message was not being sent to all the customers and a decision in this regard will be taken soon by the company. The problem of password sharing stems from the fact that streaming companies al
Post a Comment
Read more

Subsidized Hp Printers Only With Locked in Hp Print Supplies

 HP is one of the major players in the world of printers and print supplies. High quality printers are sold by the company at low prices. This  HP printer support  to the customers comes with the expectation that they will use print supplies made by the company. In fact, the bulk of the revenues for HP are generated through the sale of print supplies. Now the company has hinted a shift towards managed print business model that will make sure customers get printers at subsidized rates only if they fulfill their print supplies through the company. This business plan was disclosed by the executives of HP last week. According to this plan, HP printers at low prices will only be made available only if the customer agrees to purchase print supplies through HP partners. Customers not agreeing to this plan and using supplies form third party vendors will have to pay more for the same printers. This move by HP is being seen as a response to a decrease in its print supplies business. By signing
Post a Comment
Read more

Norton Antivirus Plus: Effective Protection Without Eating Your Resources

 Norton is a leading name in the world of antivirus. Its parent company Symantec has recently announced a new range of internet security suites under the brand name of 360 Computer Protection. Norton Antivirus 360 is a part of this range.  Norton support number  is always there to provide rock solid support to its customers. Symantec is well known for its programs that provide effective protection against all kinds of malware. Norton Antivirus Plus performs impeccably, indentifying and destroying all kinds of online threats before they have any chance of downloading into the system of the user. If you are using Norton Antivirus Plus, you have total peace of mind regarding the safety of your computer. It flashes warning messages and also tells you when it has identified and destroyed a potential threat while you are browsing on the web. You can see the type of threat when you click on this warning message. Norton Antivirus Plus has been tested in third party labs and it has received ne
Post a Comment
Read more