Tag : iphone 5 sales

Apple shares take a beating amidst reduced iPhone 5 order rumors

Reports suggesting that Apple has reduced its orders for the iPhone 5 display panel by half have resulted in a 3.5% fall in the shares of the Cupertino based company.Screen Shot 2013-01-15 at 12.18.33 PM

Speculation is ripe that Apple has reduced the iPhone screen orders as demand seems to have fallen for them in the wake of intense competition, namely from arch rival Samsung.

Samsung has already overtaken Apple as the world’s largest Smartphone vendor by market share. The Galaxy S series of Samsung Smartphones have managed to sell 100 million units as of Monday, which is a testament to its ever rising popularity.
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Weak demand forces Apple to cut iPhone screen orders, according to reports.

All’s not well for Apple, it seems. According to the Wall Street Journal, Apple has cut its orders last month for iPhone5 screens for the first quarter of the 2013 calendar year by roughly half its original target,  a possible sign that demand for the Smartphone is not quite as strong as Apple expected. It has also reportedly trimmed orders for other screen sizes as well.Screen Shot 2013-01-14 at 11.48.51 AM

 

Analysts had earlier predicted that Apple would face challenges selling the iPhone and iPad this year in the face of intense competition from its android powered rivals, namely Samsung, who reported a record profit last quarter.

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Is the iPhone 5 the best selling iPhone ever?

It comes as no surprise that the iPhone 5 has been a runaway success for Apple and has been flying off the shelves since its September release. Although initially speculated whether the iPhone 5 could beat the sales record of its predecessor, i.e. the iPhone 4s, It now seems that the iPhone 5 has had the strongest start sales-wise in the U.S.Screen Shot 2012-12-24 at 11.22.30 AM over any previous iPhone.

The iPhone 5 managed a record of sorts by selling out 2 million units in the first three days of its availability in China. It appeared that China had become a more lucrative market than the US. However, the latest sales figures tell a different story as in the US at least, over the last 12 weeks the sales of the iPhone 5 have accounted for 53.3% of smart phone sales overall.

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