Almost any task is quicker from my phone.
Posted on 01/31/2018 4:21:13 PM PST by fireman15
"We expect a meaningful guide lower when the company reports on Thursday night, on the order of $5 to $6 billion compared to consensus revenue estimates," Long says.
While the global iPhone user base is still growing, Long says users are keeping their devices longer, a trend that could continue in 2018 if the next model iPhones are not particularly impressive. He also says Apple may finally be losing its iPhone pricing power.
"Following 10 years where [average selling prices] have generally moved higher, we believe prices will plateau as with the rest of the industry," Long says.
BMO has downgraded Apple stock from "outperform" to "market perform" and lowered its price target for the stock from $199 to $162, but there are other analysts who still see Apple as a solid investment.
Bank of America analyst Wamsi Mohan says Apple's long-term future is more dependent on its Services segment than its hardware sales.
(Excerpt) Read more at money.usnews.com ...
Sorry screwed up... this story was from US News and World Reports.
Apple has had a good run and a pullback in the pps will be healthy. It will bring in many new investors.
Agree. Could be a buying opportunity.
They are currently producing an iPhone for just about every segment of the market from the SE which is currently selling without a contract at Walmart for $159 up to the X. Just about every cell provider including the MVNOs have got some heavily discounted Apple promotions going right now. Good or bad... I don’t know but it seems like consumers are demanding better value for their hard earned dollars which makes this a tough market.
apple is currently (2018 01 31 close of business day) at $167.43 (up +0.46 over day’s open). after hours is down somewhat at $-0.80.
“users are keeping their devices longer, a trend that could continue”
—
You can only go so far in tinkering to try to come up with “improvements” that people care about - at least care enough to sink more money into whatever. An extra flashing light or dancing girl just doesn’t cut it after awhile.
And usually with each “new and improved” product you run into new problems, which tends to turn a good number of people off.
I was surprised that it was announced this morning that iPhone X production has been cut in half due to weak demand yet this did not have much of a negative effect on today’s stock prices.
I wrote the other day on another thread that the $1,000 price tag of the iPhone X crossed the line. Many fans and consumers said enough—that is too much for a phone, and I agree. I will never pay that price for an iPhone.
The biggest fan has been Rush Limbaugh, but his wealth allows for him to buy new stuff daily if he wants.
Apple hasn’t been what it was for a long time.
I think that you are right. The newest phone that we have is several years old and it still does everything that we need a smart phone to do. And if you put a case and screen protector on them... cell phones look good for a long time.
“Following 10 years where [average selling prices] have generally moved higher, we believe prices will plateau as with the rest of the industry,” Long says.”
Apple has already shifted business model to monthly payments for new iPhones.
I confess to being an Apple fanboi.
But.
They are in big, big trouble.
Almost any task is quicker from my phone.
I’m also kind of the same mind on Windows. MS should have just stopped at Windows 7 and improved on that, until there was a -real need- for a newer version.
The way it is, when you go from Win 7 to Win 10 you lose functionalities. It’s dumbed down to near uselessness other than in sending your info to MS to data harvest.
“I can’t think of any other product that as been as valuable to my career as an IPhone.”
—
You work as a music reviewer of U2 releases?
(Just pulling you chain there)
:D
Cutting just iPhone X production to 20 million units means little when activation statistics show that as a percentage of all of Apple’s new iPhones sold in the Holliday quarter, the iPhone X was only about 29% of all NEW iPhones activated, with the iPhone 8, 8+, 7, 7+, and SE, sharing the remaining 71% of new activations. If that percentage continues in the second fiscal quarter, then Apple will sell ~66 million to ~68 million of all model new iPhones in that quarter!
Figure an average selling price of $700, you’re looking at ~$47 Billion in iPhone revenue alone! Now add in $8 Billion of services, $5 billion of ipad, $3 Billion of App sales, and about $5.5 Billion of Macs. That’s $68.5 Billion. . . $18.3 Billion MORE than last year’s same quarter! The first calendar quarter is historically the slowest quarter of the year!
My LG Cosmos continues to be a useful tool in my work and life.
That was not this morning. It’s been the meme for the last week. It’s bogus data. Apple ALWAYS drops the orders from the last quarter to this quarter by about that amount. We are talking about the HOLIDAY QUARTER to the SLOWEST SALES QUARTER OF THE YEAR. . . What does everyone else do? They cut orders. No one is going to sell as many products in JANUARY as they sell in DECEMBER!
HEY, MSM, use your brain for something other than manure to grow hair. This is nothing new. It happens every year like the winter gets colder.
Amen, I was happy with XP, but you force us to buy crap we don’t need.
Bah! you put us on ****ty contracts and terms and drive us apart
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