• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Friday, May 20, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

    RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

The Late Launch of New 5G Phones Caused Apple Inc’s Customers to put off Buying New Devices

admin by admin
October 30, 2020
in News
855 17
0
The Late Launch of New 5G Phones Caused Apple Inc’s Customers to put off Buying New Devices
131
SHARES
872
VIEWS
Share on FacebookShare on Twitter

The Late Launch of New 5G Phones Caused Apple Inc’s Customers to put off Buying New Devices

By: Ashwathy Nair

  • Wiping $100 billion from the stock market, Apple fell over 5% at one point in after-hours trade.
  • Sales of the iPhone dropped 20.7% to $26.4 billion.
  • Announced a range of new goods and services that have been accepted by its customers.

In two years, the late launch of new 5G phones reported the sharpest quarterly drop in iPhone sales that caused Apple Inc’s to put off buying new devices.

Wiping $100 billion from the stock market, Apple fell over 5 per cent at one point in after-hours trade.

Apple has been delivering new iPhones each September like clockwork since 2013. But due to the delay occurred by the pandemic, it pushed the announcement back a month, with some devices that are still yet to be shipped.

Sales of the iPhone have dropped 20.7% to $26.4 billion, even as successful sales of Mac and AirPods had boosted the overall revenue and profit above the expectation.

In China, where most of the consumers have access to 5G, the investors have anticipated a lower sales from the Cupertino, California Company’s bestselling products, but as expected the hold-back was worse.

As per the IBES data from Refinitiv, the revenue and profit for the fiscal fourth quarter of Apple ended on September 26 were $64.7 billion and 73 cents per share as compared with analyst estimates of $63.7 billion and 70 per cents share.

But there was a delay on the flagship iPhone 12’s announcement until 13th October, several weeks later than usual, which means no opening-weekend iPhone sale is included in the fourth-quarter results.

Tim Cook, the chief executive of Apple, in an interview with Reuters, said that he was “optimistic” about the iPhone 12 cycle based on the first five days of shipping data.

“5G phones is a kind of chance, that comes once in a decade. And precisely when we did, we could not be more excited to reach the market,” Cook said. “In the U.S., at least, carriers are very hostile.”

The timing of the iPhone 12 release dropped sales by 28.5 per cent to $7.95 billion in Greater China. Cook said he hopes to help iPhone sales recover in China with the latest 5 G smartphones.

Apple did not offer a sales growth estimate, but in line with analyst estimates, Chief Financial Officer Luca Maestri said, sales from services and non-iPhone items would rise by double-digit percentages in the fiscal first quarter. He said it would also boost iPhone sales, suggesting that the rate would be in the single digits. According to Refinitiv reports, analysts expect iPhone sales to increase 6.45 per cent to $59.56 billion in the first quarter.

Sophie Lund-Yates, an equity analyst at Hargreaves Lansdown, said: “Apple needs to be able to keep the upgrade cycle going or the share price would wobble because there is no clear room for forgiveness in the current valuation.”

 

Previous Post

Codleo Consulting Services

Next Post

CARE FOREVER MARKETING PVT LTD: A CHOICE FOR BETTER LIFE, A CHOICE FOR SELF-EMPOWERING CAREER  

Related Posts

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.
News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

by admin
May 19, 2022
0

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more By Sanjay Maurya Match...

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World
Blog

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

by admin
May 19, 2022
0

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World Who is Elon Musk The billionaire entrepreneur Elon Musk...

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022
Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

May 13, 2022
Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

May 12, 2022
Next Post
CARE FOREVER MARKETING PVT LTD: A CHOICE FOR BETTER LIFE, A CHOICE FOR SELF-EMPOWERING CAREER

CARE FOREVER MARKETING PVT LTD: A CHOICE FOR BETTER LIFE, A CHOICE FOR SELF-EMPOWERING CAREER  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Upcoming Indian Web Series for 2022-23

Upcoming Indian Web Series for 2022-23

February 15, 2022
Top 10 Richest Actors in India 2021

Meet Top 10 Richest Actors in India 2022

January 18, 2022
The 10 most popular tiktok stars in the world

10 most popular Tiktok stars in the world

March 7, 2022
Top 10 singers in India 2021

Top 10 singers in India – 2021

June 14, 2021

Keyur Shah: The Founder of Hrishee Strategic Advisors | Business Connect Magazine

0
Press Release-NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” (1)

NASSCOM CoE (IoT)to co-organize “THE AEONIAN 2018”

0

MCaffeine, India’s first caffeinated personal care brand

0
Life Partners turned Business Partners to build Startups

Life Partners turned Business Partners to build Startups

0
RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022

Recommended

Workloft- Co-working Space In Mumbai

WorkLoft

September 2, 2019
High rise Buildtech Pvt

High Rise Buildtech Pvt. Ltd.

December 2, 2020

Most Popular

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.
News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World
Blog

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India
Blog

Top 10 Mileage Bikes in India

May 18, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 804, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more.

RCB to face do or die situation in today’s match with GT: Playing11, key stats, more

May 19, 2022
Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

Elon Musk: Ordinary Entrepreneur to the Richest Person of the World

May 19, 2022
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Quick Call with Us

Our team will facilitate you with a call and we will understand your needs.

No thanks, I’m not interested!