Apple Inc.’s (NASDAQ:AAPL) iPhone may be one of the most popular smartphones on the planet, but it seems the company is losing touch in certain key markets.
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Apple’s yearly iPhone sales will fall in 2016, according to a top industry analyst.
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The iPhone accounts for more than half of Apple’s revenues, and Apple claimed a dominant 94 percent of the worldwide smartphone market’s revenues during the third quarter.
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In particular, she thinks iPhone sales will decline by almost 6 percent in the 2016 financial year, or 2.9 percent in the 2016 calendar year. While we ponder the answer to that, here are some of the latest Apple iPhone 7 Specs, speculated release date, and rumors about the iPhone 7. Given the country’s significant mid-range smartphone market, older iPhones are key to Apple’s recovery in India.
The last major reduction in cost for the Apple iPhone 5S was announced post the launch of the iPhone 6S and 6S Plus back in September.
Concerns about soft demand for iPhone has reared its perennial head, and Apple’s stock has taken a beating as a outcome.
We can’t say anything over this, may this move by Apple may increase their sales through this mid segment value phone and might give a tough competition to other brands. He said the total number of consumers in India in the iPhone 5 series was 1.2 million until September 2015, of the total number of 3.5 million iPhone users who either own the older or latest model.
Huberty’s research note raised more than a few eyebrows because iPhone sales couldn’t be stronger. Huberty is upbeat that their low-range estimates are likely to be “optimized” upwardly when sales of the iPhone in China actually play out. However, it remains to be seen whether the company would extend the run next year too.
Meanwhile, a high ranking company representative from Cown & Company has noted that one of the reasons that Apple has reportedly cancelled the production of iPhone 6c is because the iPhone 6’s sales are swelling and the company is raking a big amount of profits.
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In the previous holiday season, the tech powerhouse was able to sell 74.5 million units of the smartphone (from October to December).
