“It’s no secret that Apple gets more than half of its revenue from the iPhone or that whenever Apple releases a new model, fans come out in droves for the new device,” Chris Ciaccia reports for TheStreet. “But as soon as anticipation starts building about the next model, sales of the current version generally start to slow. Except, that isn’t happening with the iPhone 6 and 6 Plus.”
“Citigroup analyst Jim Suva wrote that iPhone demand is still ‘healthy globally given solid underlying build and sell through,’ upping his estimates for the fiscal third quarter to 49 million units, above the 46 million estimate comprised of several Wall Street analysts,” Ciaccia reports. “Much of the strength of the iPhone appears to be buyers enticed by the larger screen sizes, as Apple introduced a 4.7-inch and 5.5-inch iPhone in Sept. 2014 and not from existing iPhone users, indicating there’s more strength to come.”
Ciaccia reports, “The iPhone has become a global juggernaut, taking market share in almost every country…”
Read more in the full article here.
MacDailyNews Take: An iPhone with a larger screen option will hurt Samsung immeasurably more than myriad, unending traipses through the legal morass. – MacDailyNews Take, May 2, 2014