Latest news with #CounterpointResearch
New Indian Express
a day ago
- Business
- New Indian Express
Apple shipments rise across all categories except watch
Apple reported a 5% year-over-year (YoY) increase in revenue for Q1 2025, reaching $95.3 billion. This marks the company's fourth consecutive quarter of growth across both hardware and services, underscoring its balanced and resilient performance. According to the latest data released by Counterpoint Research, hardware revenues rose by 3% YoY, while the Services segment—Apple's high-margin and increasingly strategic division—grew by 12% YoY, continuing to serve as a major growth engine. Product performance Shipments rose across all major hardware categories, with the exception of the Apple Watch. The iPhone saw a 12% YoY increase in shipments, fuelled by strong demand for the iPhone 16 series. The iPhone 16e performed especially well in Japan, emerging as the top volume driver during the quarter. Additionally, Apple successfully shifted a significant portion of its US imports from China to India, helping mitigate tariff impacts and stabilise costs. The MacBook line posted impressive 18% YoY growth, driven by the launch of the new MacBook Air featuring the M4 chip. This was further supported by government subsidies in China, which boosted demand in a key international market. iPad shipments rose 6% YoY, buoyed by the successful launches of the iPad 11 and iPad Air 7 series. AirPods shipments increased 9% YoY, maintaining growth momentum following the late-2024 launch of the AirPods 4. This reflects a continued recovery in Apple's wearables and accessories category. However, the Apple Watch remained a weak performer, registering a 9% YoY decline in shipments—its sixth consecutive quarterly drop since Q4 2023. The decline is attributed to waning demand for older models like the Apple Watch SE (2022) and a lack of compelling new offerings.
Yahoo
3 days ago
- Business
- Yahoo
Apple Just Snatched Back the Top Spot in China Smartphone Sales. Should You Buy AAPL Stock Here?
Data from Counterpoint Research showed that iPhone sales for May rose to the top spot in China, with global sales growing 15% year-over-year during April and May. This was driven by Apple (AAPL) returning to growth in two of its largest markets: China and the U.S. The report also highlighted that Apple smartly navigated tariff hurdles and achieved double-digit growth across other key markets, such as Japan, India, and the Middle East, further cementing its dominance on the global stage. So, should you buy Apple at this juncture? Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Commanding a hefty $2.96 trillion market cap, Apple (AAPL) is well-known for its iPhones, iPads, Macs, AirPods, Apple Watches, and Apple Vision Pro, as well as its software platforms. However, even with its market dominance, the company landed in hot water this year, facing mounting scrutiny amid tariffs and trade tensions. As a result, Apple is shifting some of its iPhone production to India, which helps the company diversify its supply chain and keep costs low. This move, however, hasn't been appreciated by President Donald Trump, who has threatened the company with a 25% tariff on its products if it does not shift its manufacturing back to the U.S. Apple's stock is down 9.7% over the past 52 weeks and has suffered a 21.9% hit year-to-date. The stock reached a 52-week high of $260.10 late last year and is currently 24.8% below this high. The company attempted to regain some ground through its annual developer conference, from June 9 to June 13. Apple showcased its new 'Liquid Glass' design and its new upgraded OS, which will be named iOS 26. Unfortunately, investors were not overly enthusiastic about the outcomes, as they had expected more from the company in the artificial intelligence (AI) field. While the company may have hoped for a lift in its stock after the conference, the stock actually declined. Over the past five days, Apple's stock has tanked almost 3.5%. In early May, Apple disclosed its fiscal 2025 second-quarter results (quarter ended March 29), which were hotter than expected. The company reported revenue of $95.36 billion, up 5% from the prior year's period. The top line also surpassed the $94.66 billion revenue that Wall Street analysts were expecting. The company's most important segment is undoubtedly its iPhones. During Q2, its iPhone sales increased by 2% year-over-year to $46.84 billion, surpassing the $45.84 billion that analysts had expected. Mac revenue rose by 7% year-over-year to $7.95 billion, topping the expected $7.77 billion, while iPad revenue increased by 15% to $6.40 billion, higher than the expected $6.20 billion. Two of Apple's broad segments did not meet the standards, however. Its wearables, home, and accessories segment revenue declined by 5% year-over-year to $7.52 billion, falling short of the estimated $7.95 billion. Apple's services segment's revenue, which deals with Apple TV and its App Store, while increasing by an impressive 12% to $26.65 billion, was lower than the expected $26.7 billion. Apple's gross profit of 47.1% was aligned with Wall Street analysts' expectations. The company reported a quarterly EPS of $1.65, up 8% annually and surpassing the $1.63 consensus estimate. However, the results were not enough to turn investors' outlook on Apple's stock. While there were limited impacts from the tariffs during Q2, the company expects the tariffs to add $900 million to its costs in the current quarter. Apple expects its top line to grow 'low to mid-single digits' in Q3. Analysts expect Apple's earnings to continue on its slow growth path. For the current quarter, its EPS is expected to increase marginally year-over-year to $1.41. For the current fiscal year, EPS is projected to grow 5.3% annually to $7.11, while it is expected to increase 7.9% to $7.67 in the next fiscal year. Concerns about tariffs are not enough for analysts to turn their backs on Apple's stock. Wall Street still shows a lot of faith in the abilities of this tech giant. Morgan Stanley analyst Erik Woodring reiterated the 'Overweight' rating on the stock and its $235 price target, which shows the investment firm's continued belief in Apple. Wedbush analyst Dan Ives reiterated his 'Outperform' rating on the stock, alongside a $270 price target. Ives sees reason in Apple's measured approach to AI. He believes that while Apple is lagging behind its competitors, it has begun laying the groundwork for long-term development. BofA Securities also maintained its 'Buy' rating on Apple and the $235 price target, indicating that the firm believes Apple's fundamentals remain strong. Overall, Wall Street analysts are still reasonably positive about Apple's prospects, giving it a consensus 'Moderate Buy' rating. Based on 37 analysts' ratings, 18 analysts have given the stock a 'Strong Buy,' three rate the stock as a 'Moderate Buy,' 13 analysts consider the stock to be a 'Hold,' one analyst gives a 'Moderate Sell' rating, and two analysts rated it 'Strong Sell.' The consensus analyst price target of $230.75 indicates potential upside of 18% from current levels. Meanwhile, the Street-high target of $300 suggests an even greater leap of 54% from here. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NBC News
3 days ago
- Business
- NBC News
Trump's $499 smartphone will likely be made in China
The Trump Organization's newly announced smartphone will most likely be made in China, experts say, despite claims that the device will be manufactured in the U.S. Owned President Donald Trump, the company on Monday announced the T1, a gold-colored device that it said would retail for $499. The smartphone will run Google 's Android operating system. The Trump Organization says the phone will be 'built in the United States' — but experts note the phone was most likely designed and would be manufactured by a Chinese firm. 'There is no way the phone was designed from scratch and there is no way it is going to be assembled in the U.S. or completely manufactured in the U.S.,' Francisco Jeronimo, vice president at International Data Corp., told CNBC on Tuesday. 'That is completely impossible.' Jeronimo suggested that the phone would most likely be produced by a Chinese original device manufacturer, or ODM — a type of company that designs and manufactures products based on the specifications of another firm. 'Despite being advertised as an American-made phone, it is likely that this device will be initially produced by a Chinese ODM,' Blake Przesmicki, an analyst at Counterpoint Research, said in a note Monday. Jeff Fieldhack, research director at Counterpoint Research, added that 'the U.S. does not have local manufacturing capabilities readily available.' Smartphone manufacturing came into focus after Trump threatened tariffs on devices imported into the U.S. While those have yet to materialize, the American president has poured scrutiny on Apple 's supply chain, urging the iPhone maker to manufacture its flagship handset in the U.S. The call is part of a broader desire from Trump to see more manufacturing of electronics be undertaken in the U.S. Several experts have noted that manufacturing iPhones in the U.S. would be nearly impossible and would certainly raise the price of the product substantially. On top of that, getting large-scale manufacturing off the ground in the U.S. would take several years. Phone will need foreign components Even if some manufacturing of the device were done in the U.S., smartphone supply chains are global, and handset components come from several countries. The Trump Organization's T1 is no different. While no information has been revealed on particular components, the specifications could give a hint of what to expect. The device will have a 6.8-inch AMOLED display, a kind of screen that is made primarily by South Korean firm Samsung. LG, another South Korean firm, also produces the screen, as does Chinese firm BOE. For comparison, Apple's top-end iPhone 16 Pro Max has a 6.9-inch display and starts at $1,199. At T1's $499 price point, the smartphone will most likely use a processor from Taiwanese firm MediaTek, which would be manufactured in Taiwan. If the device were to contain a Qualcomm chip instead, that would also most likely have to be made in Taiwan. The phone's advertised 50-megapixel camera will meanwhile require image sensing chips — a market that is dominated by Japanese firm Sony for smartphones. There are smaller players in China and elsewhere. The device's memory is one area that could use American technology, potentially from Micron, which manufactures its components in the U.S. But other players, like Samsung, could be potential suppliers. 'Even when there is local manufacturing available, the company will have to rely on components that are being imported from outside the U.S.,' Counterpoint Research's Fieldhack said.
CNBC
4 days ago
- Business
- CNBC
Trump's $499 smartphone will likely be made in China
The Trump Organization's newly-announced smartphone will likely be made in China, experts say, despite claims that the device will be manufactured in the U.S. Owned by U.S. President Donald Trump, the company on Monday announced the T1, a gold-colored device which it said would retail for $499. The smartphone will run Google's Android operating system. The Trump Organization says the phone will be "built in the United States" — but experts note the phone was likely designed and would be manufactured by a Chinese firm. "There is no way the phone was designed from scratch and there is no way it is going to be assembled in the U.S. or completely manufactured in the U.S.," Francisco Jeronimo, vice president at International Data Corporation, told CNBC on Tuesday. "That is completely impossible." Jeronimo suggested that the phone would likely be produced by a Chinese original device manufacturer (ODM) — a type of company that designs and manufacturers products based on the specifications of another firm. "Despite being advertised as an American-made phone, it is likely that this device will be initially produced by a Chinese ODM," Blake Przesmicki, an analyst at Counterpoint Research said in a note on Monday. Jeff Fieldhack, research director at Counterpoint Research added that "the U.S. does not have local manufacturing capabilities readily available." Smartphone manufacturing came into focus after Trump threatened tariffs on devices imported into the U.S. While those have yet to materialize, the American president has poured scrutiny on Apple's supply chain, urging the iPhone maker to manufacture its flagship handset in the U.S. The call is part of a broader desire from Trump to see more manufacturing of electronics be undertaken in the U.S. Several experts have noted that manufacturing iPhones in the U.S. would be nearly impossible and would certainly raise the price of the product substantially. On top of that, getting large-scale manufacturing off the ground in the U.S. would take several years. Even if some manufacturing of the device were done in the U.S., smartphone supply chains are global, and handset components come from several countries. The Trump Organization's T1 is no different. While no information has been revealed on particular components, the specifications could give a hint of what to expect. The device will have a 6.8-inch AMOLED display, a kind of screen that is made primarily by South Korean firm Samsung. LG, another South Korean firm, also produces the screen, as does Chinese firm BOE. For comparison, Apple's top end iPhone 16 Pro Max, has a 6.9-inch display and starts at $1,199. At T1's $499 price point, the smartphone will likely use a processor from Taiwanese firm MediaTek, which would be manufactured in Taiwan. If the device were to contain a Qualcomm chip instead, that would also likely have to be made in Taiwan. The phone's advertised 50 megapixel camera will meanwhile require image sensing chips — a market that is dominated by Japanese firm Sony for smartphones. There are smaller players in China and elsewhere. The device's memory is one area that could use American technology, potentially from Micron, which manufactures its components in the U.S. But other players, like South Korea's Samsung, could be potential suppliers. "Even when there is local manufacturing available the company will have to rely on components that are being imported from outside the US," Counterpoint Research's Fieldhack said.
Time of India
14-06-2025
- Business
- Time of India
Apple gets 'good news' in China with its 'best two-month performance' since COVID-19 pandemic
Apple has got a 'good news' after getting setbacks for months in China. As per a report by a market research company, iPhone sales soared in May, reclaiming the top spot in China, while global sales surged by 15% year-on-year across April and May. This essentially marks the tech giant's strongest performance for this two-month period since the COVID-19 pandemic, news agency Reuters stated that data from Counterpoint Research. The report said that the global growth has primarily been fueled by a return to strong sales in Apple's two largest markets: China and the United States. "Q2 iPhone performance looks promising at the moment, but as always, swings either way are dictated by two markets - the US and China," noted Ivan Lam, Senior Analyst at Counterpoint Research. Discount on iPhones in China likely to have helped Apple bounce back Despite facing intense competition from domestic rivals in China, Apple's strategy, which included significant price cuts, appears to be paying off. In May, Chinese e-commerce platforms offered discounts of up to 2,530 yuan (approximately $351) on Apple's latest iPhone 16 models . This aggressive pricing helped foreign-branded phone shipments in China, predominantly Apple, rise to 3.52 million units in April, up slightly from 3.50 million a year earlier, based on data from the China Academy of Information and Communications Technology. The price cuts came as iPhone shipments in China dropped 9% in the first quarter of 2025, while domestic competitors Xiaomi and Huawei saw gains of 40% and 10% respectively, according to Reuters. For the first quarter of 2025, Apple's market share dropped to 14.1%, placing it fifth behind Chinese competitors Huawei (19.4%), Vivo (17%), Xiaomi (16.6%), and Oppo (14.6%). Further, Apple's performance beyond these key regions also boosted. The company saw double-digit sales increases in Japan, India and the Middle Eastern markets, partly aided by factors like tariff avoidance.
