Strength for iPhone and App Store - MOSK: 11.08.2024
Nov 8, 2024
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The iPhone 15 models shine as top sellers globally, with the App Store seeing a robust revenue increase. There’s a twist in the removal of a popular feature from Apple's Image Playground. Apple is making retail adjustments to accommodate the Vision Pro, as online privacy concerns come to the forefront. Trade-in values for various devices are climbing, alongside new accessories like travel bags for the Vision Pro. Plus, insights on reclaiming personal data from data brokers add an interesting layer to the discussion.
The iPhone 15 models dominated global smartphone sales in Q3, highlighting a growing consumer preference for high-value devices.
The App Store's revenue rose by 14% in October, reflecting strong demand but raising concerns about sustaining momentum amidst market uncertainties.
Deep dives
iPhone Sales Dominance
The iPhone 15 line achieved remarkable sales during the September quarter, with the iPhone 15, iPhone 15 Pro Max, and iPhone 15 Pro occupying the top three positions among the world's smartphones. This success marks a shift in consumer preferences, as for the first time, more than half of iPhone sales came from the Pro variants, indicating a trend toward higher-value devices. Although Apple maintained strong sales, Samsung still led with five devices in the top ten, underscoring a competitive landscape in the premium smartphone market. The combination of Apple’s premium positioning and the integration of generative AI technologies suggests that both Apple and Samsung are enhancing their appeal to consumers looking for high-end options.
App Store Revenue Growth
The App Store experienced a significant revenue increase of 14% in October, according to UBS analyst David Vogt, who characterized this performance as solid despite a challenging year-on-year comparison. This growth aligns with the overall trend of incremental demand typically driven by iPhone sales, although concerns persist about whether the iPhone's momentum will continue into the December quarter. Vogt's cautious perspective reflects broader uncertainties in Apple's market performance, emphasizing a neutral rating on their shares with a price target of $236. As the App Store capitalizes on its revenue potential, it remains crucial for Apple to navigate these market challenges effectively while maintaining user engagement.
- Counterpoint: iPhone 15 Models Were Tops Globally in Q3 - UBS: App Store Revenue Up 14% in October - Sketch Style Is Apparently Off of Image Playground - Gurman: Apple Stores May Shrink Vision Pro Footprint - Apple Starts Selling AVP Case by Belkin - Apple Adjusts Trade-In Values for Some iPads, Apple Watches, and Android Phones - Sponsored by Incogni: Take back your personal data! Use code MACOSKEN at incogni.com/macosken to get 60% off an annual plan! - NosillaCast Podcast host Allison Sheridan joins Ken to talk Apple's Passwords app on Check No. 399 by SecureMac - online at checklist.libsyn.com - Catch Ken on Mastodon - @macosken@mastodon.social - Chat with us in Patreon for as little as $1 a month. Support the show at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!
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