Apple reported its quarterly results few days ago and much to the shock of analysts, they were lower than was expected at Wall Street. One of the main reasons why this happened was the rather slow growth of iPhone sales. With iPhone 5 rumors in the air, a lot of users held back their cash and are now waiting for its release. And that may, in turn, force Apple to change its decision.
During the conference call to investors in which Apple announced its quarterly revenue, Apple’s CEO Peter Oppenheimer stated, “We’re reading the same rumors and speculation that you are about a new iPhone and we think this has caused some pause in customers purchasing.”
This clearly shows that Apple owns up to the fact that speculations surrounding iPhone 5 has forced a decline in overall iPhone sales. Naturally, this should be enough to put a lot of pressure on the company because if Apple goes with the scheduled October release of iPhone 5, its revenue will suffer in the next quarter too.
And that is forcing Apple to go for an early September release of iPhone 5, says KGI analyst Ming-Chi Kuo. This can turn out to be a smart decision since by releasing the device before the end of fiscal year on September 29th, Apple will be able to bag a huge sum of revenue from iPhone 5 sales. If not, Apple will come home with another abysmal quarterly report, affecting its overall performance of the fiscal year.
When Apple launched iPhone 4s, it was able to sell a whopping 4 million units within the first week. With iPhone 5, we can expect this number to be even greater. So if Apple is able to sell millions of iPhone 5 units before the end of fourth quarter, it will have the investors satisfied. On the other hand, users will also be happy that their wait finally ended.
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Sorry but “another abysmal quarter”? I must have missed Apple’s decline toward bankruptcy in the recent set of results.