iPhone’s global sales hit a record high – Cook thanks China


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Source: BGR

The Chinese mobile phone market is the largest in the world. Any mobile phone brand that wants to be huge globally must capture a good chunk of China. Although the overall performance of Apple in China is poor, Cook is still thankful to the Chinese because they got some good sales. Apple recently released the results for the second quarter of the 2023 fiscal year. The company recorded a decline of 3% relative to the $25.010 billion in the same period last year. The financial report shows that Apple’s revenue in the Greater China region in the second fiscal quarter hit $17.812 billion. This is a decrease of 3% compared with $18.343 billion in the same period last year.iPhone Sales

However, compared to some other markets, it performed very well, and Cook was thankful. “Thanks to Chinese consumers for their support of Apple”, he said. If you only look at the overall results, the performance is indeed not impressive, but the performance of the iPhone is still quite decent. In the downturn of the global mobile phone cycle, the iPhone’s revenue was $51.334 billion. This is an increase of 1.51% compared with $50.570 billion in the same period last year, exceeding analysts’ previous expectations. This result is also a record high (single quarter).

According to data provided by analysis firm StreetAccount, analysts had expected Apple’s second-quarter iPhone revenue to reach $48.84 billion on average. Of course, compared to the iPhone, the performance of the iPad and Mac is much weaker. For example, the revenue from the iPad was $6.670 billion, a year-on-year decrease of 12.76%.

iPhone sales

The iPhone has changed the mobile phone industry since its launch in 2007. It quickly became a cultural icon, and its popularity and sales have grown over the past decade.

iPhone Sales Growth

Over the past ten years, iPhone sales have grown so much. In 2011, Apple sold 72 million iPhones globally, with a revenue of $47 billion. By 2015, the company had sold 231 million iPhones, with a revenue of $155 billion. The iPhone sales peaked in 2018 with 217 million units sold, generating $166.7 billion in revenue. In 2020, Apple sold 195 million iPhones and got a revenue of $137.8 billion. By 2021, the company’s revenue had grown to $365.7 billion. This growth can be linked to several factors, including the increasing popularity of mobile phones.

iPhone sales

iPhone Sales by Region

While the iPhone is popular globally, its sales are not evenly distributed across all regions. In 2011, the majority of iPhone sales were in North America and Europe. Each region accounted for about 30% of total sales. By 2020, the Asia – Pacific region had become the largest market for iPhones, accounting for about 42% of total sales. Europe closely follows at 25% and North America at 22%. The growth in the Asia – Pacific market can be linked to the rising middle class, increasing demand for premium devices.

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iPhone Sales by Model

The iPhone has undergone several huge new designs and upgrades over the past decade. This has been resulting in the release of multiple models. The most decent releases were the iPhone 5 in 2012, the iPhone 6 in 2014, the iPhone X in 2017, and the iPhone 11 in 2019. These new models typically result in a surge in sales. Users were eager to upgrade to the latest and greatest tech. In 2020, the iPhone 11 was the best – selling iPhone model, accounting for 37% of total iPhone sales. The iPhone SE closely follows at 25% and the iPhone XR at 21%.

The iPhone 11’s success can be attributed to its competitive price point, high-quality camera, and long battery life. As for the iPhone 12, it didn’t do so well but the iPhone 13 was a huge comeback. Even with the presence of the iPhone 14 series, the iPhone 13 series is still selling well.

iPhone Sales by Price Point

The iPhone is available at several different price points, ranging from the entry – level iPhone SE to the premium iPhone 14 Pro Max. In 2020, the most popular price point for iPhones was the $699 to $999 range. This price range accounts for about 60% of total iPhone sales. The higher – priced models, such as the iPhone 14 Pro Max and the iPhone 14 Pro, account for about 30% of total sales. The lower – priced models, such as the iPhone SE and the iPhone XR, account for about 15% of total sales. The success of the mid – range price point can be linked to the growing demand for affordable premium devices.

iPhone sales

iPhone Sales by Channel

Apple sells iPhones through several different channels, including Apple retail stores, online sales, and third – party retailers. In recent years, Apple has also expanded its distribution channels to include carrier deals and other strategic links. In 2020, most of iPhone sales were made through third – party dealers, accounting for about 45% of total sales. The online sales follow at 35% and Apple retail stores at 20%. The success of third – party dealers can be attributed to their broad reach and ability to offer price cuts and coupons.

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iPhone Sales by Market Share

The iPhone is one of the most popular mobile phones in the world. But its market share has fluctuated over the past decade. In 2011, the iPhone accounted for about 18% of global mobile phone sales, behind Android’s 53% market share. By 2015, the iPhone’s market share had increased to 16.2%, while Android’s had decreased to 78.1%. However, in recent years, Android has regained its dominance. Android account for about 85% of global mobile phone sales in 2020. The iPhone only has about 14%.

But be careful when you compare Android and iOS. iOS is just one company while Android is a fleet of brands. Though Google owns Android, a fleet of mobile phone brands from different regions uses the system.

Factors Affecting iPhone Sales

Several factors affect iPhone sales, including competition from other smartphone manufacturers, changes in consumer behavior and preferences, and global economic conditions. The iPhone’s competitors include Samsung, Huawei, and Xiaomi, among others, which offer smartphones at different price points and with different features. Changes in consumer behavior and preferences, such as the increased demand for larger screens and longer battery life, can also impact iPhone sales. Economic conditions, such as recessions or global pandemics, can also affect consumer spending and demand for smartphones.

Conclusion

The iPhone has experienced significant growth in sales over the past decade, driven by factors such as innovation, design improvements, and expanding distribution channels. The Asia – Pacific region has emerged as the largest market for iPhones, and the mid-range price point has become the most popular. While the iPhone’s market share has fluctuated over the past decade, it remains one of the most popular smartphones in the world. Competition from other smartphone manufacturers, changes in consumer behaviour and preferences, and global economic conditions will continue to impact iPhone sales in the future. However, Apple’s continued focus on innovation and design excellence will likely keep the iPhone a popular choice among consumers for years to come.

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