iPhone Sales – iPhone is Still the best Phone
iPhone Sales of its top-selling device grew by only 0.4% over the holidays, compared with 46% over same period last year, but company posts record revenues.
The company sold 74.8m of its flagship devices in the final three months of 2015, below analysts’ expectations. In the same period in 2014 the company sold 74.46m iPhones, meaning sales were essentially flat.
That means consumers tend to choose iPhones over competitive phones coming from Samsung, LG, Motorola and other players in the US. In China, iPhones are outselling devices from local vendors such as Huawei and Xiaomi.
According to kantarworldpanel.com “In urban China, Apple regained its title of most-sold smartphone brand with a share of 27% and had the top three models in that market,” commented Tamsin Timpson, strategic insight director at Kantar Worldpanel ComTech Asia. “Huawei remained the top seller within the Android ecosystem as it captured 34% of sales. Xiaomi is now a distant second in the ranking at 10 percentage points below Huawei.”
Apple posted record quarterly revenues of $75.9bn and record quarterly profits of $18.4bn, but warned the revenues would fall this quarter.
iPhone Sales? Chief executive officer Tim Cook said: “Our financial position has never been stronger.” He said Apple had “the mother of all balance sheets” with assets totalling $293bn, with $205bn of that in cash.
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