Are Apple (NASDAQ: AAPL) Figures Too Good To Be True?
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Apple (NASDAQ: AAPL) is one of the forerunners in the digital market and its latest devices are an emblem of luxury, premium quality, excellent performance. However, these qualities come at a high price. The prices for the Apple (NASDAQ: AAPL) are quite steep, however, the company always manages to show impressive sale figures, every time a new device is launched. So it shouldn’t come as a surprise to anyone when Apple (NASDAQ: AAPL) predicts that its revenues will reach $39 billion, from an expected sales of 38 million iPhones. These figures have left investors in awe, but they aren’t being considered impossible. Sales in the United States as well as other regions are as speculated by the company.
According to Apple (NASDAQ: AAPL)’s latest statement, it was projected that the company has sold over 10 million iPhone 6 and iPhone 6 Plus sets, within three days of their launch. These figures are record breaking for the company. The iPhone has made its presence felt, in the US, Australia, France, Germany, Canada, Hong Kong, Japan, Singapore, Puerto Rico and the UK. It’s expected to be available in over 115 countries by the end of the year. Depending on previous demand trends, high sales are expected throughout the world.
According to Apple (NASDAQ: AAPL), iPhone 6 and iPhone 6 Plus are the best devices, it has made so far. By the end of October, an additional 36 countries will have the iPhones available, across Europe, Asia, Middle East, Latin America and Africa. That will add up to a total of 69 countries where iPhone 6 and iPhone 6 Plus have made their mark. By the end of the year, this figure is expected to go up to 115 countries in total.
Due to certain import rules and regulations, the iPhone was launched late in the Chinese market. But that hasn’t affected its demand in the country. With support from the TD-LTE and FDD-LTE, the iPhones will provide access of 4G/LTE networks from three major carriers, China Mobile, China Telecom and China Unicorn. The iPhone sales are expected to be around 40 million. But this could be affected due to certain supply restraints, as well as rising competition in the Chinese market. Samsung (OTC: SSNLF) smartphones, with Google (NASDAQ:GOOGL) interface seem to be gaining quite a momentum, which could be a threat to iPhone sales not only in China but also globally.
According to analysts, the iPhone demand will continue to increase. Every new product launched by a company, results in generating a remarkable growth in revenues. This will eventually result in an increase in earnings per share. Apple (NASDAQ: AAPL) is also expected to earn $42 billion to $43 billion for the fiscal Q4, with EPS at $1.42 to $1.44. These figures are much higher than what was expected at EPS of $1.30 and total revenue of $39.989 billion. These figures project a lump sum of $40 million in sales, hence setting a new impressive sales record for the Apple (NASDAQ: AAPL).