According to Gartner, sales of smartphone devices across the globe have bounced back (from an uninspiring Q4 2017) during the first three months of this year, registering some growth by posting a 1.3 percent improvement as compared to the sales recorded during the first quarter of 2017. Based on the market research firm’s estimations, close to 384 million units of smartphones were purchased by mobile users during the January, February, and March months early this year. This volume is equal to 84 percent of the entire sales of mobile phones.
Just as it did during the busy holiday shopping season last year, Apple’s iPhone X has once again come out on top in the super competitive world of the smartphone industry. According to information recently presented by Strategy Analytics this week, this particular iPhone model managed to ship 16 million units across the globe during the first quarter of 2018, effectively securing the number one spot for a second consecutive quarter.
The first three months of this year saw Samsung register $14.4 billion in operating profits, its best ever on a quarterly basis. Also amazing is the fact that Q1 2018 marks the fourth consecutive quarter in which the South Korean tech giant has posted record shattering profits. Not many people many know this, but the company is not just the number one smartphone vendor in the world -- it is also one of the biggest manufacturers of chips, display screens, and other parts used in various electronic devices of other makes and models.
Apple has just released its earnings result for the final quarter of 2017, and the tech giant has managed to register iPhone sales of 77.3 million units. While it is true that 77.3 million units sold is still an impressive figure, it does represent a slight decrease compared to Q4 2016’s sales volume (78.2 million units). And it should be mentioned that the previous year’s 78.2 million iPhone unit sales was a record quarterly haul for Apple.
Yup, that headline does sound crazy, but the numbers do not lie. Based on the most recent quarterly earnings report that Sprint has just released recently, the major US wireless carrier actually managed to record its first profit in three years time, and the company accomplished that during the same quarter (Q2 2017) that it started offering one whole year of free wireless service. Along the way, the mobile operator also gained 61,000 net new customers.
Things may not be going so well for LG’s smartphone business. The South Korean phone maker recently acknowledged that its current flagship offering -- the G6 -- has not sold as well as anticipated. According to the results of its latest quarterly earnings report, the whole company was able to register an operating income of $588.2 million on overall revenue of $12.89 billion.
Although Apple managed to sell 50.8 million units of iPhone devices during the first three months of this year, that unit sales figure still failed to clear the 51.4 million units sold projected by Wall Street. Still, in terms of revenue, the $2.10 per share earnings (on revenue of $52.9 billion) posted by the tech giant was better than the $2.02 per share earnings (on revenue of about $53 billion) estimated by industry watchers.
2016 was a forgettable year for Apple -- the phone maker after all saw its iPhone sales decrease for the first ever in its history last year, leading some to think that the company might not be that mighty after all. But after a robust holiday season, Apple seems to have regained its bearings, and analysts from Wall street appear to agree.
The last three months of any given year is always a good time for Apple. But the final quarter of 2016 was a record breaking one for the tech giant. In that period, the company registered its best ever quarterly iPhone sales (thanks to the iPhone 7 and the iPhone 7 Plus), selling 78.3 million units of its smartphone devices. On top of that, Apple also managed to end its streak of declining iPhone sales which has been going on for three consecutive quarters. Moreover, Apple also posted its highest earning quarter ever, both in terms of revenue and earnings per share.
It has been a couple of years since Apple introduced its iPhone 6, its most successful iPhone release ever. Fast forwarding to 2016 and the tech giant never really quite managed to replicate that level of success. What is worse is that sales seem to be getting slower every quarter. Sure, the iPhone 6 was a record setting release for the company and it would really be hard to top that, but in recent quarters, it has been getting more difficult for Apple to generate some smartphone sales growth.
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