Tuesday, 18 September, 2018

Q1 2018: Apple sells 4 of the top 5 smartphones globally

Q1 2018: Apple sells 4 of the top 5 smartphones globally Q1 2018: Apple sells 4 of the top 5 smartphones globally
Eleanor Moreno | 06 May, 2018, 00:07

Just behind, Apple's primary rival Samsung had a 5.3% share with its Samsung Galaxy S9 Plus. The previous-generation iPhone 7 shipped 5.6 million units to take fourth place.

Maestri told Reuters that clearing channel inventory of 1.8 million iPhones - a lot of them iPhone X and iPhone 8 models - accounted for some of the difference.Profits were US$2.73 per share versus expectations of US$2.68 per share and up from US$2.10 a year ago.

Strategy Analytics estimates that the iPhone X captured 5% of the market worldwide in the quarter ended in March, with total units from its launch to the end of the period reaching an approximate 50 million units.

The iPhone X was believed to impact Apple's sales revenue owing to its sheer Dollars 1,000 price tag. The iPhone X2, iPhone X Plus and iPhone X SE (all models names to be confirmed) will still use the Lightning connector, Apple simply uses USB-C on all its fast chargers. The phone is powered by the A11 Bionic chip, which is also on the iPhone 8 series.

Contrary to reports, the iPhone X is doing extremely well. In February this year, Apple reported a $20 billion profit in the quarter that ended on December 30, 2017.


The rumor also states that the USB-C lead that wouldn't replace the Lightning cable - that's the standard Apple isn't changing - so that's another piece thrown into the mix. However, Apple shipped 16 million units of the "most expensive iPhone ever" in the given quarter, Cnet reports. Then came the most interesting phone on the list - iPhone 7.

Despite rumours of an underperforming iPhone X in the quarter, Apple stated that the iPhone X was the most popular model each week in the March quarter. The iPhone 8 and 8 Plus, which were believed to be unimpressive when compared to the iPhone X managed to be among the best selling smartphones of the quarter. Tim Cook said the iPhone X has continued to do well for the company. Strategy Analytics did not mention who will be the top selling smartphone brand in Q2. Samsung's new flagships, Galaxy S9 and S9 Plus, only started shipping toward the end of the first quarter, but shipments are already off to a very good start.

The Android smartphone market was diametrically different. BMO Capital Markets lowered shares of Apple from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st.

The company exceeded analyst expectations in per-share earnings and revenues, lifting shares in after-hours trading. Xiaomi has become wildly popular across India and China.

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