Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 28 September 2012 15:03

Apple share price takes a beating

Written by Nick Farrell

apple

You are not selling enough

Apple shareholders are furious with the company for not selling enough iPhone 5 units in the first week. The company share price dropped, not because the product ships with borked mapping software or scratches easier than our parquet floor, but because the company has not sold enough of the lemons.

Analysts and the Tame Apple press had assured the shareholders that Apple would be selling shedloads of them.Figures touted were 6 million and 10 million devices.

Shoppers bought 5 million which should have been good enough if the analysts and the Tame Apple press had not been trying to hype up the product and actually told the truth. Piper Jaffray analyst Gene Munster, who has a history of being talking up Apple sales until they are true, estimated iPhone 5 sales of 6 to 10 million through the end of the month.

Last Monday, some analysts were caught stupidly claiming that the iPhone 5 would create an economic miracle in the US. Some claimed that Apple's shareprice would be $1000 each by Christmas.

Then Apple released the initial weekend sales figures after the phone's commercial release: 5 million. That was better than the number of iPhone 4S units that Apple sold last year in the first weekend following that phone's release.

But it failed to come close to the hype generated by the Tame Apple Press and the Analysts. Wall Street tried to claim that supply was off, not demand, given that iPhone 5 pre-orders were more than double those of the 4S.

But the 4S figures were only high due to a lot of pent-up demand. Apple had shifted from a June release last year to one in mid-October. The 4S also benefited from a third more phone accounts coming up for renewal.

So it does not look like supply problems at all, but rather that Apple was not able to sell as many as it was hyped to do so. It also has a lot stronger competition now from Samsung than it has ever had before. Heck, even the new Windows 8 phones might give it a run for its money.

What we are seeing with the five million figure is the hardcore of Apple fanboys upgrading because they have been told to do so. Apple is finding it harder to attract new customers simply because there are phones out there which are better value for money.


blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments