Apple Expects to Sustain iPhone Sales in 2022 as Market Slows

Bloomberg2022-08-12

The company asks suppliers to make at least 90 million unitsApple customers are relatively unaffected by economic slowdownApple iPhones during a sales launch.Photographer: Gabby Jones/BloombergApple ...

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hphoa
2022-08-12
hphoa
K
Dragonbody
2022-08-12
Dragonbody
[Miser]
ShawnKoh1
2022-08-12
ShawnKoh1
Ok
Nggimseng
2022-08-12
Nggimseng
Nice
jc0110
2022-08-12
jc0110
ok
Tanyl
2022-08-12
Tanyl
Apple movement is slow now

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The Cupertino, California-based company still expects to assemble roughly 220 million iPhones in total for 2022, also aboutlevelwith last year, according to one of the people.Apple’s projections, a closely guarded secret, suggest it’s confident about weathering a slump in spending on smartphones and other devices. The global handset market, which slid 9% in the June quarter, is expected to shrink 3.5% in 2022, IDC has forecast.At a time when Android devices are suffering, the stronger demand for Apple’s new lineup stems from a customer base still willing to spend on premium gadgets, the people said. The virtual demise of Huawei Technologies Co. also has eroded competition in high-end smartphones.Hon Hai Precision Industry Co., which puts together most of the world’s iPhones, hinted at Apple’s resilience when itsaidthis week that sales of its smart consumer electronics products should be little changed in 2022. A representative for Apple declined to comment.The world’s most valuable company has promised to be disciplined about spending as economic and geopolitical uncertainty clouds the outlook for 2022 and beyond. Bloomberg reported last month that Apple would slow spending and hiring across some of its teams in 2023.This week, a cooler-than-anticipated US inflation reading buoyed hopes that interest rate hikes won’t be as aggressive as though. But market observers cautioned the economic outlook remained bleak.Apple’s near- and mid-term percentage sales growth will likely remain in the mid-single digits, spurred by product-refresh cycles and sales of additional services to its installed base of more than 1.8 billion active devices. Spiking inflation, war in Europe and lingering Covid-19 restrictions in China could elongate the product-refresh cycle, hurting fiscal 2022 sales growth by 2-3% vs. consensus of $394 billion. Apple’s overexposure to China for manufacturing is a major concern, and any disruptions due to either parts shortages or geopolitical issues could seriously hinder its ability to fulfill demand.—Anurag Rana, analystBut Apple’s soldiering ahead with plans for its marquee device, which accounts for about half of if its revenue and is the main gateway to profitable services.Apple is set to launch four new iPhone models that it hopes will break more ground than 2021’s versions, Bloomberg News has reported. The iPhone 14 Pro models are expected to include a much-improved front-facing camera, a new rear-camera system that includes a 48-megapixel sensor, thinner bezels, a faster A16 chip, and a redesigned notch with a pill-shaped cutout for Face ID and a hole punch for the camera.Before 2021, Apple had maintained a consistent level in recent years of roughly 75 million units for the initial run of a new device through the end of the year. It upgraded its target for 2021 to 90 million, anticipating the first new iPhone since the rollout of Covid vaccines would unlock additional demand. The company, whose iPhone assemblers include Pegatron Corp., posted record sales and profit that fiscal year.The iPhone should again fuel Apple’s growth this year. Apple’s iPhone and iPad both performed better than feared during the June quarter, though other products -- including Macs and wearables -- fell short of projections. Services, a key growth area for Apple, narrowly missed estimates.Apple seems to be witnessing “no meaningful impact on its iPhone business in the current macro environment,” Piper Sandler analysts wrote after its results.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9990997951,"gmtCreate":1660269378975,"gmtModify":1676533349548,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990997951","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990999014,"gmtCreate":1660268670041,"gmtModify":1676533238198,"author":{"id":"4109052217286120","authorId":"4109052217286120","name":"Dragonbody","avatar":"https://community-static.tradeup.com/news/8c619fa4bf1941f68f7764c4f6441991","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4109052217286120","authorIdStr":"4109052217286120"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990999014","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990072873,"gmtCreate":1660267720794,"gmtModify":1676533089590,"author":{"id":"3570598542159923","authorId":"3570598542159923","name":"ShawnKoh1","avatar":"https://static.tigerbbs.com/0045c4894f8a2755b17a9e8518df4d5e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570598542159923","authorIdStr":"3570598542159923"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990072873","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990073103,"gmtCreate":1660267522405,"gmtModify":1676533055652,"author":{"id":"3586164268210037","authorId":"3586164268210037","name":"Nggimseng","avatar":"https://community-static.tradeup.com/news/0f4a59087543e775843eb0622ae81fe7","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3586164268210037","authorIdStr":"3586164268210037"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990073103","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990079027,"gmtCreate":1660267286071,"gmtModify":1676533010975,"author":{"id":"3576885233950935","authorId":"3576885233950935","name":"jc0110","avatar":"https://static.tigerbbs.com/e09e5e2e4ea456938e5df81fb0919107","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576885233950935","authorIdStr":"3576885233950935"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990079027","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990056605,"gmtCreate":1660266290009,"gmtModify":1676532820477,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4087109808120260","authorIdStr":"4087109808120260"},"htmlText":"Apple movement is slow now","listText":"Apple movement is slow now","text":"Apple movement is slow now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990056605","repostId":2258651751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":227,"commentSize":26,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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