ericG721

SpamSandwich said:

canukstorm said:

rogifan_new said:

So are all the people who shit on anybody here who speculated iPhone sales might be soft going to apologize now? It was patently obvious once Apple started heavily pushing the trade-in program and displaying cheaper prices on apple.com homepage that there was an issue with sales.

yes, they are soft but it's ludicrious to think price is the only issue.  Even Apple lowered prices by $100 to $150, it would have made any difference.  Combination of iOS 12 + cheap battery upgrade program made older iPhones better and good enough for a ton of users.  Currencies outside the USA got hit a lot causing prices to rise further. China's economy slowed in the 2H of 2018 which according to Tim Cook's letter where almost all of their negative decline came from.  On top of all of that, the iPhone user base grew by 100 million users in the last 12 months which is the 6th straight year that's happened which means more people are buying and using iPhones.  That last point alone is remarkable actually.  And I think this sums it pretty well;

https://twitter.com/BenBajarin/status/1080579937881403393

https://twitter.com/caro_milanesi/status/1080586861897146368

Part of the problem is the overreiliance on China sales for growth. They’ve never stopped being an IP-stealing, product dumping country. If the President can get them to deal and make some serious adjustments to their policies, things will get back on track pretty fast.

Having said that, the stock is about to take another serious gut punch.

rogifan_new said:

avon b7 said:

Well, that was pretty clear. At least in part, pricing really IS an issue and I think a DED article today was implying China was performing well for Apple.

And yet nothing in Cook’s letter that specifically talks about price. The biggest blunder in the last couple years is the 23% increase in iPhone prices. Apple raised prices to offset declining unit growth and its come back to bite the company.