Apple sales gets a boost from 8 days of iPhone 8

03 November, 2017, 00:52 | Author: Delbert Rhodes
  • Image Vicky Leta  Mashable

Apple shares have climbed 45 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. "Apple's year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter", said Luca Maestri, Apple's CFO.

The company hired two veterans from Sony TV to run its fledgling division, and according to the Hollywood trade publications, Apple is looking to spend $1 billion on originals, including a remake of Steven Spielberg's Amazing Stories TV anthology.

Apple Inc. forecast holiday sales that exceeded most analyst estimates, a sign it expects robust demand for the new iPhone X, the company's most important product launch in years. The real question is: Can Apple fulfill demand, or will sales be hampered by previously-reported supply chain issues?

On Thursday, Apple predicted revenue for this quarter from $84 billion to $87 billion. While the company usually doesn't have to work too hard to promote its new devices, today Apple released a roundup of the top favorable quotes from sites like CNET, The Verge and TechCrunch.

"My friends don't mind so much if they have an iPhone 8 or a 6, for example, because it looks similar and the price (of the iPhone X) makes you feel nervous". Apple has been flirting with a trillion-dollar valuation, and had a value of $868 billion at market close.

On a conference call with analysts Thursday, Apple CEO Tim Cook said pre-orders for the iPhone X have been "very strong". The company is also set to sell the HomePod, a Siri-powered speaker to answer both Amazon's Echo line and Google's Home speakers. Sales in Greater China also rose by 12 percent and by 5 percent in Asia Pacific. The 8 went on sale at the very end of the most recent quarter.

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When contacted, a representative from iWorld from Kamla Nagar said they did not have any iPhone X stock yet.

The current camera specs help the iPhone X to “strike a phenomenal balance between picture quality and form factor design”, says Kuo. But this year it took the unusual step of a staggered launch, releasing the iPhone 8 - essentially an incremental advance over the iPhone 7 - several weeks earlier than the iPhone X.

Apple sold 46.7 million iPhones in the three-month period ending September 30, up 3% from the same quarter a year earlier.

The iPhone is the main profit driver for Apple, accounting for more than half its revenues, and importantly is the cornerstone for the ecosystem of other devices and services.

One of Apple's latest customer lock-in tools is an updated mobile operating system supporting augmented reality features and apps that can super-impose images and information onto a user's view of the real world.

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