Apple’s iPhone Woes To Continue; 17% Unit Shipment Drop Predicted
As we enter July, Apple’s bound to have finalized specifications for the 2019 iPhone lineup. The Cupertino tech giant is rumored to introduce several upgrades on the smartphones. It’s expected that Apple will add a camera sensor on all three devices. This will bring the iPhone XS’ successors camera lens count up to three, while the iPhone XR’s successor will have a dual rear camera setup. On that note, we’ve got some estimates for Apple’s 2019 iPhone demand and revenues. Take a look below for details.
Apple Is Expected To Ship 180 Million iPhones In 2019 Suggests Research From Wedbush Securities
It’s no secret that Apple’s iPhone isn’t growing in sales. The high-end smartphone market has matured, and as a result, the iPhone is refusing to ship more units. This development forced Apple to stop reporting units shipments for the iconic smartphone lineup in its second fiscal quarter for the year 2019. However, a report from research firm Canalys suggested at the time that the company shipped 40.2 million smartphones in the quarter. This marked a 23.2% drop over the year.
Now, we’ve got a report from Wedbush securities that puts a figure on Apple’s iPhone shipments for the fiscal year 2019. If you’re confused, then keep in mind that Apple’s fiscal year 2019 started on September 30, 2018. Wedbush securities estimate that the company will have shipped 180 million iPhone units at the end of the company’s current fiscal year.
For comparison, Apple shipped 217,722 iPhones in its fiscal year 2018. If Wedbush’s data turns out accurate, then the Cupertino tech giant will witness an effective drop of 17% in its units shipments for the iPhone this year. While Apple’s problems with the iPhone are known in the industry, the company’s CEO Mr. Tim Cook stated that demand for the smartphones picked up during the last six weeks of its second fiscal quarter for 2019. According to Mr. Cook, this was due to a 3% reduction in VAT, improved dialogue between the US and China, price adjustments that mitigated the effects of a weaker currency and successful trade-in finance programs in Apple’s stores.
Wedbush believes that the demand uptick for the iPhone claimed by Mr. Cook will continue until the end of FY 2019. This optimism is based on Apple’s global supply chain. Additionally, the firm also corroborates claims of new camera sensors for the three new iPhones that Apple will introduce at the start of its FY 2020. The iPhone 11, iPhone 11 and iPhone 11R will each have an additional camera sensor over their predecessors, as mentioned above.
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