{"id":55680,"date":"2017-12-29T06:04:47","date_gmt":"2017-12-29T06:04:47","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=55680"},"modified":"2017-12-29T06:06:41","modified_gmt":"2017-12-29T06:06:41","slug":"with-lineup-widening-apple-depends-less-on-iphone-x","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/with-lineup-widening-apple-depends-less-on-iphone-x.html","title":{"rendered":"With lineup widening, Apple depends less on iPhone X"},"content":{"rendered":"

With lineup widening, Apple depends less on iPhone X<\/span><\/strong><\/span><\/h2>\n

In years past, demand for Apple Inc\u2019s latest flagship phone was critical to the company\u2019s results over the holiday shopping quarter.<\/span><\/p>\n

That dynamic might be changing, however, as Apple\u2019s widening lineup of devices and services more than makes up for any tepidness in demand this quarter for its lead product, the $999 iPhone X.<\/span><\/p>\n

On Tuesday, Apple\u2019s stock fell 2.5 percent to $170.57 after Taiwan\u2019s Economic Daily and several analysts suggested iPhone X sales in the fiscal first quarter would be 30 million units, 20 million fewer than initially planned by the company.<\/span><\/p>\n

The cut in the forecast was not confirmed, and the stock regained ground on Thursday, hitting $171.82 by midday. The mean revenue estimate for the holiday quarter among 30 analysts remains at $86.2 billion, near the high end of Apple\u2019s forecast of $84 billion to $87 billion.<\/span><\/p>\n

Apple declined to comment.<\/span><\/p>\n

Part of the support for Apple may reflect a change in its business strategy.<\/span><\/p>\n

Releasing two new models and keeping older ones have made Apple less dependent on its flagship product. Apple shareholder Ross Gerber, chief executive of Gerber Kawasaki Wealth and Investment Management in Santa Monica, California, said the higher price and better margins on the iPhone X will reduce fears of a sales decline.<\/span><\/p>\n

\u201cWe know that Apple\u2019s strategy was different this quarter by releasing two phones, the iPhone 8 and the iPhone X, and I think combined sales will be in line with what people expect,\u201d Gerber said.<\/span><\/p>\n

Apple also has fattened its portfolio of accessories and other devices, from its AirPods wireless headphones to a new Apple Watch with cellular data features.<\/span><\/p>\n

While none is a runaway hit, collectively they are an important contributor, with Apple\u2019s \u201cother products\u201d segment growing 16 percent to $12.8 billion last year. Customers who buy those add-ons are also likely to buy services from the App Store and Apple Music, part of Apple\u2019s services segment, which grew 23 percent to $29.9 billion last year.<\/span><\/p>\n

\u201cUltimately, it will be this multi-device ownership\u201d that will generate further revenue, said Carolina Milanesi, an analyst with Creative Strategies.<\/span><\/p>\n

IPhone X sales still matter. Each unit generates nearly twice the revenue of an iPhone 7 and contains technologies like facial recognition that burnish Apple\u2019s brand.<\/span><\/p>\n

Bob O\u2018Donnell of TECHnalysis Research, said \u201chit products\u201d still represent \u201can enormous amount of the company\u2019s overall value.\u201d<\/span><\/p>\n

\u201cWill it take hold in the mainstream? That\u2019s the question that still remains,\u201d he said.<\/span><\/p>\n

Source:-\u00a0https:\/\/in.reuters.com\/article\/apple-iphone\/with-lineup-widening-apple-depends-less-on-iphone-x-idINKBN1EM1TH<\/span><\/p>\n

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