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While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone u
by Schweigi 8y ago
While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone upgrades also were not as strong as we thought they would be.
Sounds to me that it isn't just China. The new phones are even more expensive then the previous ones. It's kind of hard to imagine that those high prices have no impact on sales and I would have at least expected there to be a mention about pricing in the letter.
- braythwayt 8y agoWhat you said matches what I said. It isn't just China, but the vast majority of it is China.
- seanmcdirmid 8y ago“And other emerging markets.” They don’t break it down.
- noitsnot 8y agoIndia was supposed to be huge but they lost sales there, also.
- seanmcdirmid 8y agoThey still don’t have stores in India right?
- hn_throwaway_99 8y agoAlso from the letter: In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad.
- esmi 8y agoI don’t think iPhones are the problem as it’s not just Apple that’s having sales issues in China. You can find articles like the one below for many tech luxury brands. https://www.google.com/amp/s/observer.com/2018/12/tesla-china-sales-struggles-real-expert-says/amp/ https://www.google.com/amp/s/observer.com/2018/12/tesla-chin... And even non-tech luxury brands https://www.google.com/amp/s/www.wsj.com/amp/articles/luxury-goods-industry-has-a-china-problem-11546344000 https://www.google.com/amp/s/www.wsj.com/amp/articles/luxury...