Technology

IPhone X pocketed 35% of total handset industry profits in Q4 2017

IPhone X pocketed 35% of total handset industry profits in Q4 2017

The report also details that the share of the iPhone X is likely to grow as it advances into its life-cycle.

There is no denying the fact that iPhone SE 2 is coming, but when? However, the analyst remains bullish on Apple shares: he still rates the stock a Buy with a $190 price target, suggesting a 6.7% upside from current levels.

The report on the 2018 iPhone range and pricing leak also reveals that there will be no iPhone 9, with the numbered range terminated by Apple after last year's iPhone 8.

The announcement of all three models will take place during the month of September, with Apple putting them officially on sale in the following week because component shortages might not materialize this time as it did during the iPhone X launch. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.82 by $0.07.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

The mid-tier offering of the smartphone series will be the second generation iPhone X which some call the iPhone X 2. They now have a $155.00 price objective on the iPhone maker's stock.

Overall, the smartphone market appears to have declined by 1%. But given that the iPhone X and iPhone 8 launched just six months ago, they will nearly certainly be new versions of iPhone SE. The higher prices of its new phones did drive Apple to post all-time records in quarterly profit and revenue, however. Lin says Apple was working on an LCD iPhone, but scrapped the project in mid-February. According to the report, Samsung Display would begin work on the screens in May and double its production efforts in June. Apple has been trying to diversify its OLED supplier base, but other suppliers including LG Display don't yet have the capabilities to meet its demands. Apple and Samsung have dominated that market over the past few years, but Apple has moved ahead. The X SE is expected to cost $799 - a $100 increase from the iPhone 8 price tag.

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The iPhone SE now sells for $349 (64GB) or $449 (128GB) and comes in four colors. But data from Counterpoint Research shows that it has proved incredibly profitable for Apple.

"Apple grew 1 percent year-on-year (YoY) even with the iPhone X being available for only two months in Q4 2017".

The iPhone 8 accounted for 19.1% of the smartphone industry's profits while the iPhone 8 Plus captured 15.2% profit share.

Apple's performance becomes more commendable as its handset industry profit share kept increasing despite the sales of premium handsets failed to match the expectations. Not only that, but the iPhone X itself generated five times the profit than the combined profits of over 600 Android manufacturers during the fourth quarter of 2017.

Another report claims that Apple might be planning to refresh the budget-friendly iPhone SE line.

Consomac has discovered a new filing with the Eruasian Economic Commission that list a handful of new Apple devices.


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