The iPhone is probably Apple’s best creation in its history as the smartphone has gifted the company billions and billions of dollars.
In Q1 alone, Apple surprised the world by exceeding every expectation and recorded a $57.6billion in sales. Shared earnings a accumulated to $14.59. This is thanks to the 51 million iPhones, 26 million iPads and 4.8 million Macs sold.
On the other hand, Apple has been whining on how the iPhones are growing out of favour in many markets. The company is about to release its Q2 sales report and there are signs of cracks appearing everywhere. The good news is that Apple has managed to enter the Chinese market which compensate for the loss on other markets.
Then, there is the pricing of the device. There is no denying that the iPhones are overpriced to the extreme but since it is something that the masses are willing to pay for, Apple is definitely smart in making it expensive. The profit margin is like no other.
As for Q2, analysts have been up and about in predicting the Apple profit to decline. It is expected to come out with only $46 billion in sales and profit.
