Threat from ascendant Chinese phones hangs over Apple

Galaxy Note 9 and iPhone XS primary cameras

Investors have been willing recently to ignore the fact that iPhone sales have dwindled, because of higher selling prices per unit.

A raft of profit warnings from Apple Inc AAPL.O suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company's plans to make services its main pillar of growth.

Apple's newest models such as the iPhone XS and iPhone XR are proving popular with its most loyal fans in wealthy economies. While analysts and tech pundits have gotten Apple sales wrong in the past, this new report does seem to validate the global sentiment.

Underscoring flattening iPhone unit sales, it also said it sold 217.7 million iPhones in its most recent fiscal year, virtually unchanged from the year before and well below a high point of 231.2 million in fiscal 2015.

"Weaker supplier guidance reflects Apple's already more cautious Nov 1 guidance and, importantly, doesn't impact our Services growth forecast, which is tied to installed base rather than new shipments", Huberty wrote on Thursday. Apple is also facing stiff competition from Chinese smartphone makers like Xiaomi, Huawei, OnePlus. The Chinese smartphone maker has managed to dethrone Cupertino giant for two straight quarter, and is aggressively pushing forward with premium devices like the Mate series and P-series.

Federal Bureau of Investigation probing American woman's death on Aruba-bound cruise ship
Princess Royal departed Aruba at 10pm on Wednesday night, heading towards Kralendijk, Bonaire. Angela asked. "That is what we are investigating, to find out exactly what happened".

T-Mobile is giving shoppers their choice of several free phones, including flagship devices from Apple, Samsung, LG and OnePlus. Luckily, customers who want to purchase the unlocked version of the iPhone XR can do so via Apple Store starting today.

The chief economist for Apple shareholder Capital Investment Counsel, Hal Eddins, says, "You can get a lot of phone for a lot less".

Apple shares are down about 14% month to date as investors grow increasingly anxious about iPhone sales, given warnings from suppliers. In India, where the sales are growing significantly, Apple has little or no presence.

For Q1 of 2018, Xiaomi took 30.3 percent of the smartphone market in India, and for Q2, it took 29.2.

Apple has successfully navigated the industry by increasing price of iPhone and getting away from decline in sales.



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