|
Post by CdnPhoto on Apr 15, 2024 4:10:30 GMT -8
|
|
|
Post by CdnPhoto on Apr 15, 2024 4:11:46 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,126
|
Post by Dave on Apr 15, 2024 7:10:38 GMT -8
|
|
4aapl
Moderator
Posts: 3,657
|
Post by 4aapl on Apr 15, 2024 8:35:32 GMT -8
Yahoo had the same article. Neither lists full data for the full year, so it's hard to see how much of this is just a change of sales between quarters. Off of a different article, IDC info is here: www.idc.com/getdoc.jsp?containerId=prUS52032524I'm missing some info in my quarterly notes and so can't easily look at various 12 month periods, but I see that Apple's FY Q1 had a 6% gain in iPhone sales revenue, at 69.90B in Q1 '24 vs 65.78B in Q1 '23, but both are down from the 71.6B in Q1 of '22. But it is tougher to guess at the longer term direction (in this case iPhone unit sales, revenue, or marketshare (if you even care about that)) when things aren't growing by leaps and bounds. Here's another story, with a negative title to get more clicks: Apple Faces Worst iPhone Slump Since Covid as Rivals RiseBut they include this observation: FWIW, those noted discounts were part of the Chinese New Year promotions, which happened last year too and seem to be similar to the Black Friday sales in the US. That alone didn't seem like something to worry about. But a push by some to higher end smartphones that people keep longer does point out the importance of an increasing user base and the value of subscription and app store revenue.
|
|
|
Post by CdnPhoto on Apr 15, 2024 13:54:28 GMT -8
|
|
4aapl
Moderator
Posts: 3,657
|
Post by 4aapl on Apr 15, 2024 19:25:48 GMT -8
Good to get past tax day and the first trading day after Iran sent missiles and drones at Israel. I expected a down day, just from the added uncertainty. While the strictly fundamentals trader might in the long run see war as destroying a bunch of expensive stuff that causes spending, it's just not a great way to get there. China just now announced unexpectedly good GBP increases of 5.3%, over the 4.6% that was expected. China’s GDP grows 5.3% in the first quarter of 2024In a couple of his books, Fisher mentioned that you couldn't necessarily trust China's numbers due to the secretive nature, which often seemed to have a nice bump just when needed. Also on CNN, Beijing Half Marathon under investigation after a controversial finishEven as a former distance runner I don't take too much issue with that, as long as there wasn't a bunch of sports betting on it. Often runners are paid to compete, and they probably have some sort of contract. While not ideal from the "all's fair and there is no cheating going on here" viewpoint, it's a different country with different rules and ideals. I'm sure Apple stays on top of things, and has to make deals there in China at times, or at least deal with things. It's just part of the game.
|
|