Apple India’s new country head, Michel Coulomb has some radical plans for the company. Reports claim that he plans to dismantle the current sales strategy set by predecessor Sanjay Kaul to achieve a more ‘organised distribution’ structure for iPhones, iPads and Macs. This essentially means that consumers in India won’t be seeing discounts on Apple products like they’re used to.
With this new strategy, distributors of Apple products in India will be trimmed. Hence, the company will look to maintain the prices of its products since up until now, distributors had the freedom to sell to any retailer, even at lower prices. All these details were shared [...]
2017 was a great year for smartphone enthusiasts. We saw thin bezels and tall displays become a norm and new smartphone designs like the iPhone X with a notch. However, that innovation in smartphones did not translate into desired sales as global mobile profits decreased by 1% year-on-year in Q4 of 2017. For Apple, though, it was not a gloomy year by any means. The Apple iPhone X alone generated 35% of the total mobile industry profit as Apple grew by 1% year-on-year in Q4 of 2017.
According to the latest report by Counterpoint Research, Apple remained the most profitable premium smartphone brand, [...]
Despite launching one of the most anticipated smartphones of 2017, the iPhone X, Apple has registered its slowest growth in India in the past six years. According to the Registrar of Companies, Apple registered a 17% growth in revenue for 2016-17, which is slowest since 2010.
The Cupertino-based tech giant earned Rs. 11,618.7 crores in revenue during the 2016-17 period ending March compared to Rs 9,937 crores earned in 2015-16, which is a 17% growth.
Back in November 2016, the Indian government announced the demonetization of the Rs. 500 and Rs. 1000 note. After that announcement, many rushed to buy [...]
Apple is celebrating one of its biggest victory in its history. The Cupertino, California based iPhone maker has noted a $18 billion of net profit in last quarter, making it the most profitable quarter ever, not just for Apple, but for any company.
Now, new statistics have drawn in, putting both Apple and its arch-rival Samsung on the top slot in the last quarter of 2014. According to research firm Strategy Analytics, the iPhone maker’s global market share has grown to 20 percent, from 18 percent last year, while Samsung’s fortune headed the opposite direction dropping the firm to that same 20 percent figure [...]
When Apple introduced the iPhone 5c, the large consensus seemed to be that the newer, low-priced and colorful iPhone might outsell the more expensive iPhone 5s thanks to price alone. That isn’t the case, however, according to new research recently published by Consumer Intelligence Research Partners. The firm found that consumers are still flocking to the more powerful, and more expensive, iPhone 5s by a large margin.
64 per cent of all iPhone sales in September were people snapping up the high-end Apple iPhone 5S, according to figures from CIRP.
That’s compared to just 27 per [...]
It is only with Apple that analysts would express disappointment in a year over year quarterly drop from $8.8 billion to $6.9 billion, but a drop it was. Apple posted strong fiscal Q3 earnings today with revenue of $35.3 billion, up slightly from the same period a year ago and ahead of expectations.
As expected, the numbers posted today, which include the period between March 31 and June 30, were massive, with 31.2 million iPhones and 14.6 million iPads sold. The average sales price of the two devices has dropped — $581 for the iPhone; $436 for the iPad — likely due to the introduction of the iPad mini and the wider [...]