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New iPhone 15 Launches to Long Lines and Sold Out Pre-Orders Despite Apple's Recent Sales Slump

  • Long lines and sold out pre-orders signal high demand and hype for iPhone 15 launch
  • Comes after Apple reported third straight quarter of declining sales and revenue
  • New iPhone features camera upgrades, USB-C charging and other subtle changes
  • Analysts expect iPhone 15 to help Apple break recent sales slump as early as next quarter
  • Apple stock continues to climb, now up over 39% since start of 2022
forbes.com
Relevant topic timeline:
The release of the iPhone 15 Pro Max may be delayed by up to 4 weeks due to yield issues with Sony, but it is still expected to be available before Thanksgiving or Christmas, offering potential buyers ample time to purchase the device.
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'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 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's upcoming iPhone 15 launch is expected to be less exciting than previous years.
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.
Apple will unveil new products, including the iPhone 15, at its annual September event in Cupertino, with a release date set for September 22.
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's highly anticipated iPhone 15 launch disappoints investors and Wall Street.
Apple's stock dropped 7.2% in the week leading up to the iPhone 15 launch, the largest decline ever for an iPhone release, signaling investors' lack of enthusiasm for the company's stagnant growth compared to other S&P 500 companies.
Apple has launched its iPhone 15 lineup, which includes the high-end iPhone 15 Pro and Pro Max models, but rival phones from Samsung, Google, and OnePlus offer similar or better specifications.
If you can exercise some patience, consider deferring your iPhone 15 purchase to next year, as a better color option may be released and day-one purchasers may encounter issues, while other flagship phones from Google and Samsung may offer more beneficial features for your lifestyle.
Pre-orders for the iPhone 15 models will begin on September 15th at 5:00 a.m. PDT, with availability in multiple countries, and customers in the US can pre-order and prepare for the launch through a setup process.
Apple has unveiled its iPhone 15 lineup, leading to a decrease in the value of previous iPhone models, making it a good time to sell and Decluttr is offering a 28-day price guarantee and a 10% bonus for selling your phone.
The shipping dates for some models of the iPhone 15 series have been pushed back until November, with the iPhone 15 Pro and iPhone 15 Pro Max being the most affected, while the non-Pro models are still on schedule to be shipped on September 22nd.
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.
The iPhone 15 lineup, featuring design changes and a switch to USB-C charging, has been met with strong pre-orders and long lines at stores around the world, suggesting that many people are eager to upgrade their devices.
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.
Wedbush analyst Daniel Ives believes that lukewarm reviews for Apple's new iPhone 15 may be overshadowed by strong sales, driven by a large number of iPhone users who haven't upgraded their phones in four or more years and the fear of missing out (FOMO), leading to potential pre-order rise and higher average sales prices (ASPs), suggesting that consensus analyst estimates for Apple's sales growth in 2024 could be conservative and projecting a $240 price target with 37% profit potential for Apple stock.
Apple's iPhone 15 release provides insights into the global economy, with investors monitoring sales impact on the stock.
The iPhone 15 series will be launched in over 20 additional countries and territories on September 29, and all models will be available for ordering on the first day.
Apple's iPhone 15 is facing sales challenges in China, with a 4.5% decline compared to the iPhone 14, as competition from companies like Huawei impacts iPhone sales and market dominance.
Sales of Apple's iPhone 15 in China have been disappointing compared to its predecessor, with market analysts attributing this to weak consumption and the popularity of rival Huawei; however, in the US, the new iPhone is expected to show a double-digit rise in the first nine days of sales compared to 2022.
The global smartphone market experienced a contraction of 8% in the third quarter, reaching its lowest level in a decade due to subdued demand for major brands like Apple and Samsung, which could impact upcoming earnings; however, there is hope that the market could recover in the last few months of the year with the release of the iPhone 15 lineup and the festive season in various regions.