Global Slump? Not For iPhone 15: Apple CEO Tim Cook Celebrates Record-Breaking Sales And "99%" Customer Satisfaction
Portfolio Pulse from Ananya Gairola
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook announced record-breaking sales for the iPhone 15, outperforming its predecessor, the iPhone 14, despite a global smartphone market slump. The iPhone 15's success is attributed to a 6% sales increase, particularly in Europe, Asia-Pacific, and emerging markets. The device has achieved a 99% customer satisfaction rate and has set a new global record for upgraders, contributing to an all-time high in Apple's installed base. This performance has helped Apple break a four-quarter streak of declining revenue, with the iPhone 15 playing a significant role in the company's rebound.
February 02, 2024 | 5:58 am
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Apple Inc. reports record-breaking sales for iPhone 15, outperforming iPhone 14, with significant growth in emerging markets and a 99% customer satisfaction rate.
The iPhone 15's exceptional performance, especially in emerging markets, and its high customer satisfaction rate indicate strong consumer demand and brand loyalty. This, combined with the breaking of a revenue decline streak, suggests a positive short-term impact on Apple's stock price due to increased investor confidence in the company's growth trajectory and market leadership.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100