Tag Archives: aapl

Apple iPhone has lots of growth ahead, analyst says

Apple (AAPL) is nowhere close to satisfying the demand for its bigger-screen iPhone 6 series phones, Canaccord Genuity analyst Michael Walkley said in a research report Tuesday. Only 20% of the installed base of iPhone users have upgraded to the latest handsets, leaving a sizeable market left to tap, he said. In addition to replacement sales from existing customers, Apple should continue to gain market share in the high-end smartphone segment from Google (GOOGL) Android switchers, Walkley said. “Our global wireless surveys over the June quarter indicated strong iPhone 6/6 Plus smartphone sales as the iPhone remained the top-selling smartphone at all four Tier-1 U.S. carriers, with overall sell-through share estimated near 50%,” Walkley said. “Apple’s very strong iPhone 6 upgrade cycle should continue through calendar 2015 due to ongoing upgrade sales and high-end market share gains.” Apple should be able to grow its iPhone installed base to over 500…

Apple Stock Hits 3-Month Low, Undercuts Low Of Base

Apple (AAPL) sank to a three-month low Wednesday as the overall market slid on fears about China, a huge market for the consumer tech giant. The drop comes despite reports that Apple is prepping to ramp up production of its next iPhones. A Wall Street Journal report says that Apple is asking its suppliers to make between 85 million and 90 million units of its two new iPhone models by the end of the year. Last year, Apple ordered 70 million to 80

Apple Watch sales slow to a crawl as hype fades

After an initial surge of buying, Apple Watch sales have seen a steep drop-off, according to data from Slice Intelligence, a Palo Alto, Calif.-based market research firm. In June, Apple (AAPL) sold an average of 14,500 watches a day in the U.S., with sales tailing off as the month wore on, Slice reported. In the last seven days of available data, June 25-July 1, Apple sold an average of 4,600 watches a day. On the first day of availability, April