Mock, Criticise, Hate, And Then People Buy iPhone 12: Apple To Enjoy Record iPhone Sales In Q4 2020

Must Read

Elon Musk Added Over $100 Billion To His Net Worth In Just 1 Year, Leaves Jeff Bezos Behind

Jeff Bezos may the world's richest person in the world but it's Elon Musk who has been...

Elon Musk Overtakes Bill Gates And Becomes the 2nd Richest Person in the World

It's been a good week for Elon Musk and his electrical vehicle business Tesla. Earlier this week,...

Free Netflix In India From December: Netflix In A Pursuit Of New Subscribers

A month ago, we reported how Netflix might be brewing something interesting that could lead to a free...

Despite all the backlash over the missing of wall charger, earphones and innovation nothing can hold back Apple from crushing iPhone 12 sales!

According to Morgan Stanley, data collected from the supply chain of Apple suggests that both iPhone 12 and iPhone 12 Pro will be enjoying way more strong demand than what was initially expected.

Apple suppliers Qualcomm, Qorvo, Cirrus Logic and Texas Instruments have reported surprisingly increased earnings which easily beat initial post-launch estimates by an average of 7%. These suppliers also issued guidance by close to 13% on average above the consensus.

Advertisements

Now, based on this data, various industry analysts are currently implying that Apple will finally witness a 12% QOQ revenue growth after three years of flat growth in fiscal Q1 2021, ending on December 31, 2020.

A few days ago, Ming-Chi Kuo of TF International Securities, a seasoned Apple analyst, on a similar note, released a research note mentioning that Apple sold way more units of iPhone 12 units in the first 24 hours of pre-order than the iPhone 11 models it sold during the same period last year.

According to Kuo, the tech giant was able to sell 2 million iPhone 12 devices in the first day of pre-orders last week, up from 800,000 iPhone 11 devices it sold the last time.

For this holiday quarter, several Apple analysts including Kuo are predicting a ‘supercycle’ of iPhone sales, all thanks to the addition of 5G support, the combination of more models and delayed launch which led to an increased customer base expecting an upgrade.

This year, Apple has launched the most expansive lineup of iPhone models this at an equally vast range of price points beginning with the good old iPhone SE priced at $399 and stretching all the way up to the iPhone Pro Max which comes with a price tag $1,099.

Advertisements

Also, one must note that telecom carriers such as AT&T and Verizon in the U.S are offering various lucrative discounts on the new iPhones in hopes of roping more customers to their 5G networks. Thus, in the process are also contributing heavily to Apple’s sales projections for this quarter.

Lastly, when it comes to China, according to Kuo currently represents 35% to 45% of the demand of iPhone Pro.

In his research note, the veteran Apple analyst with over 10 years of experience noted that the iPhone 12 Pro did better in the first wave of pre-orders than expected all thanks to the broad availability of 5G connectivity in China. And that the iPhone 12 Mini might not do very well in terms of sales in China as the device doesn’t support the functionality of two SIM Cards, something such is a very popular feature in the Asia region.

All in all, Apple has proved to its naysayers that whether you hate it or love it, the iPhone 12 lineup is indeed going to be a smash hit for the Cupertino based smartphone maker.

iPhone 12 smartphones are the first 5G-ready devices from Apple which comes with the improved upon A14 Bionic chipset – fastest in the world, a screen that’s tougher than glass and many other premium-grade specifications. You can’t really expect Apple-fans worldwide to pass up on this upgrade or choose an alternative brand. We will keep you updated on all future developments. Until then, stay tuned.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Facebook’s Past Comes Back To Bite As South Korea Fines Them For 2018 Scandal

The social media behemoth Facebook Inc. (NASDAQ:FB) has once against proved they are the true arch-nemesis of...

Amazon Future Group Dispute Deepens As Singapore Court Turns Down Future Group Plea

The dispute between Amazon and Future Retail is, apparently, far from over anything soon as the Singapore International Arbitration Centre (SIAC) has...

Google Pay Fee On Instant Transfer: An Indication Of Google’s Aggressive Monetisation Strategy?

Google has decided to levy fee on instant payment, starting from the US market. A few days back, Google...

Twitter Account Verification Is Back, But Has it Lost Its Mojo?

Twitterati queue up! As the Twitter account verification process which is responsible for awarding blue badges prepares to...

Paytm Lawsuit Impact: TRAI Slaps Fine On Jio, Airtel, BSNL And Other Telcom Operators

The emergence of e-wallets brought along with itself a big uprise in notorious phishing scammers who prey on unsuspecting consumers by pretending...

MobiKwik Takes A Dig At Paytm After The Recent App Ban

The ongoing China-India border tension is resulting in more apps getting banned, and every time that happens the Indian startup unicorn Paytm...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This