Morgan Stanley: Apple breaks law of economics as high price of iPhone X means higher sales

Common sense would have you believe that the high retail pricing of the Apple iPhone X will hold back sales of the tenth anniversary model. After all, the phone with 64GB of native storage is priced at $999. The 256GB model will cost you $1,149. Surprisingly, brokerage firm Morgan Stanley says that the higher prices will actually raise demand for the unit. According to the firm’s Apple analyst Katy Huberty, “Innovation-led price increases historically boost, rather than hinder, Apple demand.”

According to Huberty, Apple’s MO is to sell high quality, innovative products at premium prices. …


Analyst says Apple iPhone 8/8 Plus sales will suffer in fiscal Q4 and rebound in the next period

While some analysts see the delay in the launch of the Apple iPhone X helping to generate quick sales for the Apple iPhone 8 and Apple iPhone 8 Plus, not all agree. Daniel Gleason, the senior analyst at Ovum, said that there are two types of iPhone buyers. Those who have to have the latest phone will be put off by the November 3rd launch date for the tenth anniversary model. Those who would be satisfied with the iPhone 8 or iPhone 8 Plus won’t be rushing to pick up either model right away. As a result, Gleason expects those belonging to the latter group, waiting to check out the iPhone X before …

Gartner: Android accounted for 87.7% of global smartphone sales in the second quarter


Analytical firm Gartner has released the data it has collected for the second quarter of this year. Based on this information, global smartphone sales rose 7.6% from April through June of 2017. Of the 366.2 million handsets purchased during the three months, 87.7% of the units bought had the Android OS installed, and 12.1% were iOS powered iPhone models. Gartner research director Anshul Gupta says mid-priced smartphone demand ($150 to $200) was driven by consumers in emerging markets seeking 4G enabled models

Topping the list of manufacturers was Samsung. The South Korean tech titan …

ITC to investigate Qualcomm's claim against Apple; chip designer seeks import and sales ban

The U.S. International Trade Commission has decided to open up an investigation against Apple. The agency will try to decide whether Apple’s use of an Intel modem inside the Apple iPhone actually led it to infringe on some patents that belong to chip designer Qualcomm. Besides investigating a possible patent infringement on the part of Apple, the ITC is reportedly investigating Qualcomm for not offering its standard-essential patents at a fair and reasonable royalty rate.

In a press release issued this evening, Qualcomm said that it is asking the ITC to issue a Limited Exclusion Order to …

Apple barely tops iPhone sales forecast for fiscal Q3; shares hit record high after hours

Apple this afternoon, reported sales of 41.03 million units of the Apple iPhone for the company’s fiscal third quarter. That narrowly beat Wall Street expectations of 40.7 million handsets forecast to be sold during the period. Year-over-year, the sale of iPhone units rose 2% for the fiscal third quarter, 3% if comparing revenue. On a sequential basis, 19% fewer iPhone units were sold during the fiscal third quarter compared to the fiscal second quarter. On a revenue basis, sequential sales declined 25%.

Adjusted earnings per share for the entire company rose to $1.67, which topped the Wall …

Sam's Club has great deals on the Galaxy S8/S8+ and iPhone 7/7 Plus for its August 5th sales event

Walmart’s membership warehouse club, Sam’s, is offering a deal on the Samsung Galaxy S8 and Samsung Galaxy S8+ for its one-day Fall Preview Event taking place on August 5th. Buy either handset in-club from Sam’s, and you’ll receive a $350 gift card. Sam’s says that this is the highest valued gift card ever offered for the Galaxy S8. And if you made it to school on the day they taught subtraction, you should be able to figure out that this makes the deal one of the best non-BOGO offers for the flagship device. The activation fee will be waived with the purchase of either model.

If you’ve …

Samsung CEO confirms Galaxy S8 sales are 15% higher than Galaxy S7's

Reports that Galaxy S8 sales are well behind of those for the Galaxy S7 since launch surfaced last week, even though Samsung hasn’t released any official numbers. In fact, this was one of the reasons analysts claimed Samsung plans to launch the Galaxy Note 8 earlier than usual.

However, Samsung’s CEO DJ Koh refuted these reports at a press conference held in Taipei recently. Besides confirming the late August reveal of the Samsung Galaxy Note 8, he said that sales of the Galaxy S8 smartphones are well above those of the Galaxy S7 devices.

According to DJ …

Report: Galaxy Note 8 to launch earlier than expected, slowing S8 sales to blame

The Galaxy S8 duo was a big critical success for Samsung, as the radical visual redesign was met with mostly positive reception from consumers (though some of you will undoubtedly disagree). The problem is, this doesn’t seem to have translated to sales that well, according to a recent report straight from Korea. It seems that S8 sales have been slowing down faster than expected in the past month, only reaching 9.8 million units sold, while last year’s S7 duo surpassed 12 million in the same time span.

Which is why the company has now apparently revised …

Samsung may have passed Apple's profits for the first time, buoyed by Q2 chip sales

According to Cheong Chang-won from Nomura Securities: “A super cycle was expected for Samsung’s semiconductor and display businesses, but it has turned out to be an ultra-super cycle for the memory chip business.” A hint of how would that ultra cycle translate to Samsung’s earnings was given on Friday, when the company issued its mandated profit forecast for Q2, saying that it has likely made $12.1 billion in operating profit.
Since Samsung usually reports the final audited numbers a few weeks after its forecast with a very small margin of surprise, …

Wave7: Apple iPhone sales ride Sprint's BOGO to score strong June rebound in U.S.

According to analytical firm Wave7, Sprint’s BOGO promotion on leased Apple iPhone 7 and Apple iPhone 7 Plus units have helped Apple score a strong June in U.S. sales. Apple’s chief rival, Samsung, benefited from a strong start for the Samsung Galaxy S8 and Samsung Galaxy S8+. The latter two handsets were the subject of a T-Mobile BOGO, but sales of the previous generation models (Samsung Galaxy S7 and Samsung Galaxy S7 edge) have dried up to the point that Samsung’s sales at physical retail locations in the states have been negatively affected.

Wave7 analyst Jeffrey Moore notes that Samsung’s …