Despite a lack of clarity about growth expectations for the iPhone 12, investment bank JP Morgan says investors should expect "modest returns" in 2021 on the strength of wearables, Apple Silicon Macs, and the iPad.
While Apple is not offering earnings guidance for its third fiscal quarter of 2020, company CFO Luca Maestri said he expects revenues from iPhone, wearables and certain services to suffer a sequential decline in the coming June quarter.
It feels like we've always had Apple Watches, but even on the fifth anniversary of when it was first shipped to customers, it's still a product that feels like it's new. Yet as well as these five years it's been on sale, you can trace rumors of Apple's work on it back at least another five to around 2010.
The idea Apple was failing to establish itself in India — and outsold by Samsung and Chinese brands — has been overturned by new research showing that iPhone ate up over 75% of all premium smartphone sales in the subcontinent in the fourth quarter, while also posting strong iPad, Apple Watch, and AirPod sales. Along with "double-digit" growth, Apple is also expanding its production in the subcontinent for audiences globally.
Apple is continuing to dominate the North America wearables market, with analysts revealing the Apple Watch is helping boost Apple's shipments in the last quarter by 32% over the same period last year, helping it to maintain its lead over rivals Fitbit and Samsung.
Apple's continuing performance as a market-responsive, commercially savvy innovator is destroying feebleminded media narratives that seek to portray the company as helpless and befuddled. It also demonstrates that the real incompetence lies in bad reporting by sloppy journalists seeking to deliver titillating headlines rather than accurate, factual portrayals of the industry.