Apple's iPhone sales in China have surpassed those in the United States for the first time, contributing to Apple potentially becoming the biggest player in the smartphone market this year, despite global smartphone shipments being on track to be the worst in a decade due to economic headwinds in China and the US, according to Counterpoint Research.
Apple plans to release the iPhone 15 in India simultaneously with its global launch in mid-September, signaling the company's progress in diversifying its supply chain away from China.
Apple Inc. experienced a significant decline in its stock price after reports emerged that Chinese government agencies have banned the use of iPhones and other foreign-branded devices by their staff.
Apple's stock falls after reports that China restricted iPhone use for its government officials, prompting experts to weigh in on the situation.
The iPhone 15 Pro and iPhone 15 Pro Max are expected to have a $100 price increase over the current models, according to analyst Dan Ives, but promotional activities and discounts from U.S. carriers are likely to drive sales and offset potential resistance.
Apple stock is experiencing a decline leading up to the release of the iPhone 15.
Apple's iPhone 15 launch may face delays due to production issues, resulting in lower stock availability, while the iPhone 15 Pro Max is expected to be delayed by up to a month; leaked price details suggest a significant mark-up on the iPhone 15 Pro and Pro Max; Apple is rumored to be preparing a cheaper MacBook to rival the Chromebook, but it risks diluting its brand; the European Union has designated the App Store, Safari browser, and iOS as "gatekeepers" and plans to introduce regulations to prevent anti-competitive behavior; Apple's stock has fallen following restrictions on Chinese officials' use of iPhones.
The iPhone 15, set to be unveiled on September 12, may come with an Android-like charging port and improved camera zoom, potentially increasing its cost, according to analysts, with pricing for iPhone 15 models potentially being around $100 higher than previous models.
The launch of the latest iPhones by Apple aims to boost consumers and investors amidst falling share prices caused by deteriorating international relations, with tensions between Beijing and Washington threatening sales in China, one of Apple's biggest markets.
Apple's market value has dropped by 10% due to factors such as China's ban on the iPhone for government employees and competition from a Chinese rival, leading to concerns about slowing growth and the need for new products with high growth potential.
The iPhone 13 mini might be discontinued by Apple after experiencing low sales, making it a last chance for interested buyers before the launch of the iPhone 15 series.
Apple is set to unveil the iPhone 15 with new features, but let's take a look back at the evolution of the iPhone, which revolutionized the mobile phone industry and sold over 1.2 billion units.
J.P. Morgan predicts that Apple's iPhone 15 could experience a sales decline due to the launch of Huawei's 5G Mate 60 Pro smartphone.
Summary: Apple announced the iPhone 15 and iPhone 15 Pro at its annual launch event, with the Pro model keeping the same price as last year's version, while the Nasdaq Composite suffered its first losing day in three, largely driven by a 13.5% drop in Oracle's shares.
Apple has increased the prices of its latest iPhones in countries like China, Japan, and India, while keeping prices the same in the U.S., as it aims to target premium users and reinvigorate growth in key markets. Although the price hikes are mainly for higher storage options and the more expensive models, Apple has also implemented price cuts in certain regions to target budget-conscious consumers.
Apple has reduced the cost of its iPhone Battery Servicing program and decreased the prices of the newly announced iPhone 15 Pro and iPhone 15 Pro Max models in the UK, while also cutting the price of AirPods Max and second-generation AirPods Pro.
Demand for the iPhone 15 Pro Max is strong and surpasses last year's iPhone 14 Pro Max, but the iPhone 15 Pro is experiencing weaker demand, possibly due to more customers opting for the Pro Max model; the Pro Max also faces production challenges and longer shipping delays compared to other models.
Apple's latest iPhone, the iPhone 15 Pro, has shown better-than-expected lead times and pre-orders, dispelling investor concerns and suggesting strong early demand despite previous worries about a possible ban in China.
UBS analyst David Vogt's data suggests that initial demand for Apple's iPhone 15 Pro models is softer compared to last year's models, contradicting reports of strong sales, which caused Apple stock to fall.
Apple is running a sale on iPhone 15 accessories on Amazon, with discounts of up to 24% on cases, MagSafe accessories, and chargers, making it a more affordable option than purchasing from the Apple store.
Apple is expected to achieve year-over-year growth in Q4 thanks to better than expected iPhone revenue and profit, with the iPhone 15 Pro Max and iPhone 15 Plus performing well, while the standard iPhone 15 and iPhone 15 Pro may face order cuts if their prices are not reduced, according to Ming-Chi Kuo's analysis based on supply chain sources.
The launch of Apple's iPhone 15, marked by sold-out pre-orders and long queues, comes after the company reported a decline in sales for the third consecutive quarter.
Apple is facing complaints of overheating with its new iPhone 15 models, potentially caused by design compromises made to reduce weight, and the company may address the issue through software updates.
The iPhone 15 is the superior choice over the iPhone 14, offering significant upgrades such as better cameras, a brighter screen, improved battery life, and USB-C charging.
Apple may be using cheaper batteries with lower charge cycle counts in the iPhone 14 and 15 series, which could explain the reported lower battery capacity in these devices after less than a year of ownership.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FR5PZSSJIBIPDJXXXNAYWTTS4M.jpg)