“Smartphone sales may be slowing for some tech companies, but not for Apple,” Brandon Bailey reports for The Associated Press. “Analysts expect another powerhouse performance from the Cupertino tech giant when it reports quarterly financial results Tuesday. Apple’s signature iPhones remain popular, even as other smartphone makers are seeing demand slow down.”
“Wall Street analysts estimate Apple will report a hefty $10.3 billion in profit after selling $49 billion worth of iPhones, iPads, Mac computers and other products during the April-June quarter,” Bailey reports. “That’s an increase of more than 30 percent in both revenue and profit from the same period a year earlier.”
“As in other recent quarters, Apple will reap its biggest rewards from its smartphones, especially the new, big-screen iPhone 6 and 6 Plus models introduced last fall,” Bailey reports. “People use smartphones for social networking, playing games, looking at pictures — far more than they use them to make calls. And for those activities, many users prefer a bigger screen.”
“Several analysts say their studies confirm Apple CEO Tim Cook’s claim that many recent iPhone buyers are people who switched from Android phones,” Bailey reports. “Some consumers were drawn to Android devices in recent years because they had bigger screens, but Apple’s decision to increase the iPhone’s screen size is persuading Android owners to defect, said Ryan Reith, who tracks smartphone sales for the research firm IDC.”
Read more in the full article here.
MacDailyNews Take: Gee, ya don’t say?
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