iPhone swoon? Not so fast:
“Foxconn’s Hon Hai is now on track for the fastest annual revenue growth since 2012,” Bloomberg’s Tim Culpan has posted via Twitter. “Apple has accounted for around 50% of sales throughout that time thanks to iPhone.”
Foxconn’s Hon Hai just reported Nov sales:
• 2nd highest monthly on record
• +5.6% Y/y
• +2% M/m
• Oct+Nov +12.9% Y/y
• YTD +16%
Foxconn’s Hon Hai is now on track for the fastest annual revenue growth since 2012.
Apple has accounted for around 50% of sales throughout that time thanks to iPhone— Tim Culpan (@tculpan) December 10, 2018
In addition, Culpan reports, Apple supplier Pegatron today announced year over year revenue growth of 43.01% for November.
Wow.
Pegatron just posted stellar revenue growth for November pic.twitter.com/9HCkzKIJQp— Tim Culpan (@tculpan) December 10, 2018
MacDailyNews Take: We’ll just leave this here.
SEE ALSO:
Historically, this is an extremely rare buying opportunity for Apple – December 10, 2018
Apple’s iPhones may be selling better than Wall Street bears think – December 7, 2018
Apple supplier Broadcom suggests older iPhone models are in demand – December 7, 2018
The pessimism and hypocrisy surrounding Apple is endless – November 28, 2018
Here’s why Apple is ending unit sales reporting of Mac, iPhone, and iPad – November 28, 2018
The end of iPhone, Mac, and iPad unit sales reporting is not bad news for Apple – November 27, 2018
Is Warren Buffett adding to Apple under $175? – November 26, 2018
Explaining the recent Apple selloff, and why the stock looks undervalued – November 23, 2018
Apple is no longer worth anywhere near one trillion dollars – November 23, 2018
In the darkest hour of Apple’s ‘white-knuckle period,’ some investors are loving it – November 21, 2018
Misreading Apple’s supply chain and iPhone XR demand – November 15, 2018
iPhone XR production cuts not due to soft demand – analyst – November 10, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018
[Thanks to MacDailyNews Readers “Fred Mertz,” “Sarah,” and “Riffraff” for the heads up.]
But…but…iPhone sales are beleaguered.
Oh no! YKBAID again!
Looks like Apple iPhone is doing pretty well after all. These folks rely on Apple for much of their revenue. There is no way poor sales for such a major customer can lead to that level of growth.
Like I said the suppliers that are cutting forecast were hoping to rely on the iPhone competitors increasing sales – Apple is just fine and probably still growing.. Can’t base numbers off of generic parts suppliers without know whom all they supply to. Samsung’s flexible OLED division is growing as well and Apple is the only one using the Flexible version to make the round corners and edge to edge displays.
The rare “AAPL on sale” window has now closed……until the next Apple is doomed, nobody is buying blah blah blah….
Shorts gonna take it in the shorts….!!
Nope. The window is still open. $169 a share is a steal…
If I only had the spare cash to invest…
No it cant be… this is a lie.
Appe has cut 50% of their iphone orders !
You are probably right. These data do not mean much. If you assemble all facts, statistics, and rumours, Apple is probably having the inventory problem. I used to remember from Blackberry info that phone makers had to give a certain level of qty commitment to compensate the assmblers’ investment, which makes sense. So, the assemblers’ data vs actual Apple sales might have a timing gap. The fact that an assembler maintained certain level of production may not directly correlate to the sales by Apple. Apple might be busy trying to get rid of inventory accumulating in the assemblers storage at any given time.
KenT – Wake up, yojimbo was making a joke, you know a tongue in cheek impersonation of ignorant analysts!
Not to worry, we are entertained by members of the ignorati!
“No it cant be… this is a lie.”
When he said that, obviously I knew.
But my remarks are serious….:-)
“So, the assemblers’ data vs actual Apple sales might have a timing gap. The fact that an assembler maintained certain level of production may not directly correlate to the sales by Apple.”
Exactly right. Although the fanbois are feeling a tingle up their leg on this one story, let’s evaluate the impact on sales a year from now…
Whaaat? Only 43% yoy? We wanted 86%!!! Sell, Sell, Sell!
“You know because Apple is doomed” – quote by Mr Moron myself, Jeeve Stobs