The latest numbers from Canaccord Genuity reveal that Apple accounted for 93% of mobile profits during the fourth quarter, leading the financial services company to raise its price target on Apple shares from $135 to $145. The firm also predicted that iPhone adoption could grow to 650 million users through 2018 as more smartphone owners upgrade to the iPhone 6 and iPhone 6 Plus.
That’s just crazy impressive for a single company to achieve.
One of the few times I come off super-capitalistic, but in my opinion the company deserves the success. They have been very impressive these last 10 years, continually executing, impressing customers, negotiating with vendors, and managing inventory.
If you are fortunate enough to live near an Apple store you can usually get something new or something fixed in stock, or less than 2 day wait. It’s not a huge product line but it’s not tiny, they have grown again since Jobs’ cut it back in the late 90’s.
They set the standard for consumer tech packaging, hardware design, display technology, etc. and it’s good to see them succeeding.
I remember the old Apple that was constantly on the brink of financial ruin. People actually wanted Sun to buy Apple (remember Snapple?). It’s good to see that a company that lays out a strategy and sticks to it ends up with happy customers and a heap of profit. That’s how it’s supposed to work.
It will be interesting to watch apple for the next 10 years play from ahead in some markets, behind in others. They have almost always treated their investors well but sometimes there’s no where to go but down.
If the current global trends for marketshare and profits continue…
I predict Apple with have 98% of all mobile profits on sales of 12 iPhones by 2020.
Also, Samsung, LG, and all the other Android OEMs will be forced out of business by pressure from Xiaomi and other Chinese phone makers who by then will forego the bother of selling their phones and will instead just airdrop them over major Asian population centers.