tl;dr
Amid reports the tech giant is dealing with a decline in iPhone sales in China amid increased competition, Apple looks to be dealing with problems in its home market as well, according to data from Consumer Intelligence Research Partners. Apple's shares of smartphone activations fell to 33% in the m...
Amid reports the tech giant is dealing with a decline in iPhone sales in China amid increased competition, Apple looks to be dealing with problems in its home market as well, according to data from Consumer Intelligence Research Partners. Apple's shares of smartphone activations fell to 33% in the most recent quarter in the U.S., down from 40% in the 12 months ended March 2023, the research firm said in a blog post. Conversely, Google's Android accounts for roughly two-thirds of all U.S. activations, CIRP added. "In some respects, the current one-third share represents a return to a much earlier time," CIRP said in the post. "Six years ago, Apple iPhone captured a similar share of activations. Then, operating systems beyond iOS and Android, including Blackberry and even some Windows phones controlled a portion of the smartphone market. Apple’s share increased steadily until the first year of the COVID-19 pandemic and has now returned to the historic level of about one-third iPhone, two-thirds Android." Though the iPhone accounts for more than 50% of Apple's revenues, the Tim Cook-led company has more than just a saturated smartphone market to worry about, as concerns for its recently launched Vision Pro crop up. TF International Securities analyst Ming-Chi Kuo said earlier this week that Apple cut the forecast for Vision Pro units it expects to ship in 2024 and 2025. The tech giant now expects to ship between 400,000 and 450,000 for 2024, below consensus estimates, which ranged between 700,000 and 800,000, Kuo wrote in a post published on Medium, citing recent checks. "Apple is reviewing and adjusting its head-mounted display product roadmap, so there may be no new Vision Pro model in 2025," Kuo wrote. "Apple now expects Vision Pro shipments to decline year over year in 2025." Apple has also reportedly canceled its plans for its oft-rumored electric car, which may have cost the company nearly $10B in research and development costs. Some market participants have also said the company has fallen behind in the race for artificial intelligence supremacy, ceding ground to companies such as Google, Microsoft, OpenAI and others. Cupertino, Calif.-based Apple will kick off its annual developers conference on June 10 with a widely anticipated keynote from Cook, where many expect the company will make several AI-related announcements. Apple is slated to report fiscal second-quarter results on May 2. A consensus of analysts expect the company to earn $1.51 per share on $90.61B in revenue, down 4.5% year-over-year.
More about Apple Inc
Apple Inc. is a prominent American multinational technology company known for its consumer electronics, computer software, and online services. It holds the title of being the world's largest technology company by revenue, which amounted to $274.5 billion in 2020. Since January 2021, it has also held the position of the world's most valuable company.
As of 2021, Apple stands as the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. It is recognized as one of the Big Five American information technology companies, alongside Amazon, Google, Microsoft, and Facebook.
Industry: Technology
Sub-industries: Electronic, Computers
Revenue: $257.7 billion
Profit Margin: 25.96%
Operating Margin: 0.95%
Return on Equity: 6.43%
Earnings per Share: 24.65
Dividend Yield: 0.262
Market Cap: $385.7 billion
Stock Price: $187.02
Price-Earnings Ratio: 0.16
Earnings Growth: 0.021
More about Alphabet Inc Class C
Alphabet Inc Class C Stock Analysis Alphabet Inc Class C Stock Analysis Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Details:
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: $1,977,058,984,000
PE Ratio: 27.52
Dividend Yield: None
Beta: 0.24
Volume: 307,393,987
EPS: $155.08
ROI: 0.56
Volatility: 0.135
More about Microsoft Corporation
Microsoft Corporation Summary Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 302.84 billion
Current Price: $36.88
Change: 2.86
Change %: 11.05%
Beta: 30.61
Dividend Yield: 0.363
Shares Outstanding: 227.58 billion
Revenue: $433.88 billion
EPS: 0.332
PE Ratio: 0.176
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