“‘There’s more of a difference between the 5c and the 5s, so you can play with price a bit more,’ Munster said,” Barr reports. “Others on Wall Street wonder whether the 5c will survive, especially if Apple brings out larger iPhones later this year. ‘I would expect them to cancel the product after the iPhone 6,’ said Peter Misek, an analyst at Jefferies. ‘Price cuts are not what Apple does. They build products that they are passionate about and then charge accordingly.'”
“Apple reported disappointing results and lower-than-expected iPhone sales on Monday. CEO Tim Cook told analysts during a conference call that demand for the high-end iPhone 5s was stronger than expected,” Barr reports. “The 5s accounted for 59% of total iPhone sales in the fourth quarter, while the iPhone 5c accounted for 27% and the older iPhone 4S made up the rest, according to a survey of 500 Apple customers by Consumer Intelligence Research Partners. The 5c sold less well than the 4S did after Apple released the iPhone 5 in September 2012, CIRP also noted… ‘It wouldn’t shock me if it’s replaced. It was an interesting concept but priced incorrectly,’ said Tavis McCourt, an analyst at Raymond James. ‘A more fashion conscious phone with colors and plastic should have been lower priced.'”
Read more in the full article here.
MacDailyNews Take: Unapologetically plastic™.
Cook tacitly admits Apple blew it with iPhone 5c – January 28, 2014
Was iPhone 5c the cause of Apple’s woes? – January 28, 2014
MacDailyNews presents live notes from Apple’s Q114 Conference Call – January 27, 2014
Apple beats Street with record quarterly revenue, record iPhone and iPad unit sales – January 27, 2014
Why would anyone buy an iPhone 5c instead of an iPhone 5s? – September 10, 2013