Apple Hovers Above Competition Even As Smartphone Market Stumbles, Sources Say

StreetInsider2022-07-13

The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc is expecting its upcoming iPhone 14 to do even better at launch.Apple's slightly higher ...

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Comments

Sigit waloyo
2022-07-14
Sigit waloyo
Ok
TheEndIsNear
2022-07-14
TheEndIsNear
Well done.
Jess261
2022-07-14
Jess261
Okay
jiunnnnn
2022-07-14
jiunnnnn
Good
BennyTay
2022-07-14
BennyTay
👍
AK1228
2022-07-14
AK1228
Plz like

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That comes as industry watchers such as Fubon Securities Investment Services Co chairman Charles Hsiao believe demand for consumer electronics will slow overall this year and next.An economic slowdown in China has already taken a huge bite out of the smartphone market, pulling global sales down 10% year over year to 96 million units in May, the most recent month for which full figures were available, according to Counterpoint Research. It's only the second time in nearly a decade that the monthly figure has slipped below 100 million handsets, the firm said.But two iPhone supply chain sources with direct knowledge of the matter told Reuters that iPhone sales have continued to do well in July despite signs of cooling market demand for other smartphone makers.\"Others are starting to take a hit,” one of the sources said.The second source said July shipments for the iPhone 13 from one factory were a third higher than July last year. That pattern was especially unusual because sales of current iPhone models tend to slow down in July and August as consumers await new models that Apple traditionally releases in September.“Judging by shipment, sales of iPhone 13 are fairly good,\" the second source said.The iPhone has continued to sell well late into its cycle in part because \"China demand rebounded sharply after lockdowns ended and the iPhone was a beneficiary\" of a June shopping holiday in China, Cowen analyst Krish Sankar wrote in a note to clients.In keeping with its annual schedule, Apple has started trial production of the iPhone 13's successor with the goal of ramping up mass production in August so the devices can start shipping in the fall. The initial shipment forecasts Apple has given suppliers is “slightly higher” than that of iPhone 13 a year ago, the second source said.“It’s slightly higher than last year. 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Skyworks rival Qorvo Inc, by contrast, gets 30% of its revenue from Apple and has greater exposure to the Android phone market. 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