Portland News

Apple optimistic about iPhone 14 lineup sales


Apple finally announces iPhone 14 sales after weeks of rumors of falling demand as people expect the lineup to fail.

September quarter earnings report

Apple released its results for the September quarter, including two-week sales of the iPhone 14 line.

Despite the limited time, the company’s results and commentary for the holiday quarter provide insight into its performance and core products.

Like many other companies in the tech industry, Apple is currently facing an economic crisis.

Apple shares fell last month after the company scrapped plans to ramp up production of iPhone 14 models.

The plans were proposed due to lower-than-expected demand.

Analysts expect the company to reach $88.9 billion in revenue, up more than 6% year-over-year.

This marks a 29% slowdown in revenue growth in the quarter a year prior.

Apple was expected to post a flat profit from the previous year at $20.4 billion.

Read also: Apple’s iPhone 14 lineup exceeds expectation during unveiling

Sales factors

Recent Apple iPhones lack groundbreaking features and major hardware redesigns that encourage users to upgrade.

Consumers are facing high inflation this year and fear a potential recession, which makes it challenging to get them to buy a new device.

The dollar’s strength makes the devices more expensive for international consumers, which make up a significant part of Apple’s business.

Dan Morgan, a senior portfolio manager at Synovus Trust Company, issued a note to investors in which he states:

“The consumer electronics industry is headed for a period of slow growth.”

Apple no longer focuses on the number of iPhone units sold.

Now, the total sales of the product segment are the focus, complicating the demand analysis.

Read also: Flash report: Apple forced to start replacing the Lightning connector with USB-C after European Parliament reaches decision

Services segment

Apple watchers are likely to focus on company services like paid subscriptions.

The segment is a fundamental business unit to offset slowing growth in parts of the hardware business.

Monness, Crespi, Hard analyst Brian White says services revenue growth will slow slightly to 10% year-over-year.

The shifting consumer behavior could also lead to slower services.

In addition, CFO Ruth Porat reveals that Google Play’s revenue was down slightly this week.

The decline is down to user spending on the platform and engagement in games since the early pandemic.

Earlier this week, Apple raised music and TV streaming services prices to boost future sales.


Apple earnings may offer a hint about the iPhone 14’s success



Latest Posts


USGS Spearheads Strategic Response to Seasonal Rainfall Patterns

As the inaugural rains grace the region, the United States Geological Survey (USGS) takes swift action to embark on a comprehensive journey of measuring and analyzing various waterways across the state and local areas. This strategic initiative is integral to understanding the dynamic responses of Portland’s water ecosystems to

Expanding Capabilities and Big Discounts: PRNEWS.IO and Noda Announce Collaboration

Expanding Capabilities and Big Discounts: PRNEWS.IO and Noda Announce Collaboration

The evolving landscape of web technology development calls for fresh approaches in both its creation and implementation. Companies’ collaboration plays a crucial role in meeting this challenge and driving progress and profitability. That is why the content marketing platform PRNEWS.IO, and the payment platform Noda have recently announced their

Mr. and Mrs. Smith

Stellar Cast Joins Mr. and Mrs. Smith TV Series Remake

In a cinematic revelation, the highly anticipated Mr. and Mrs. Smith television series is poised to captivate audiences with a stellar ensemble cast, headlined by the charismatic Alexander Skarsgård and an array of distinguished talents. This Prime Video remake promises not only to pay homage to its iconic predecessor