Apple Defies Industry Slowdown, Hits A New Record In Global Smartphone Profits With An 85% Share
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) has increased its share of the global smartphone industry's profits to 85% in the June 2023 quarter, up from 81% in the same period last year, despite an overall decline in the industry. The company's average selling price (ASP) increased due to a richer product mix. Apple is expected to increase the iPhone 15 Pro and iPhone 15 Pro Max prices by $100 each, marking the company's first price hike since the launch of the 'Pro' branded iPhones.
August 04, 2023 | 3:36 pm
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POSITIVE IMPACT
Apple's increased share in global smartphone profits and expected price hike for iPhone 15 Pro models could positively impact its stock price.
Apple's increased profit share in the global smartphone industry, despite an overall industry decline, indicates strong performance and market dominance. The expected price increase for the iPhone 15 Pro models could further boost revenues and profits, potentially leading to a positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100