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

Quick Tips on Data Backup & Backup Recovery

Data backup and recovery is of massive importance for any business irrespective of its size and nature. This is why any business owner should not dare to take this process lightly. Any lapse on the part of the company and it can lead to massive losses both in terms of business and lost clients. Whether you are doing it with the help of a service provider or your own IT department, you must ensure that your data is being backed up and its recovery is possible quickly in real time. Many business owners do not know a thing about data backup and recovery and they even do not know where to turn to when they needdata backup & backup recovery help. Backups done on a daily basis Data loss can prove to be a disaster for a company. All operations come to a standstill and there can be a deluge of complaints and cancellation of orders. There are different ways in which a business can avoid likelihood of data loss. Daily data backup is one of the best lines of defence is to go for. If da...

Quickbooks Online: Complete Financial Solution for Small Businesses

Quickbooks Online is a product from Intuit that has helped thousands of proprietors and small business owners greatly in financial management. They can access this program anytime and anywhere from a digital device as it is web based. Realizing its growing demand among users, Intuit has made Quickbooks Online more powerful with addition and improvement in features and functionalities. Quickbooks support has turned this program into a complete package useful even for growing businesses. One reason why growing businesses are getting attracted to Quickbooks Online is because it is scalable. It can be customized to suit the requirements as a company increases its customer base and area of operations. There are as many as 5 versions of this program that a customer can choose from according to his present and future requirements. For a growing business, there is an advanced Quickbooks Online that can be used by up to 25 employees at the same time. Also, there is an int...

5g Enabled Iphone 12 Will Boost Apple Fortunes

Everyone is excited about 5G and even Apple knows it cannot afford to lag behind other manufacturers when it comes to 5G enabled devices. Dan Ives, an analyst at Wedbush, feels that 5G enabled iPhone 12 can give a big boost to the sales of iPhones around the world. Talking to CNBC on Monday, Dan said he expected Apple stock to jump 25% from its present levels and reach a mark of $350. Apple stock has risen by almost 79% in 2019. Dan believes iPhone support to 5G in 2020 is what the company needs for a super cycle. According to Dan, the best way for Apple to realize this ambitious target is to release at least four 5G enabled iPhones this year. The company also needs to make its network strong all over the country. Lower latency and faster data speeds are the prerequisites for the success of 5G enabled iPhones, feels Dan Ives. 5G iPhones have the potential to revive the fortunes of the company that is grappling with the scenario of plummeting sales. One big reason behind fall...

Toby:games24

Search This Blog