Sales of Apple Inc. smartphones will be high during the Christmas period and will reach a record high in fiscal year 2025, Wedbush analyst Dan Ives predicts.
Ives believes that hundreds of millions of people around the world will upgrade their iPhones to the latest model with built-in AI functions in the coming months. According to his estimates, almost 300 million iPhone owners have not updated their smartphones in the last four years or more.
According to the analyst’s forecast, sales of new iPhones in the current fiscal year, which will end in September, will reach a record 240 million units. The consensus forecast of experts surveyed by FactSet suggests that this figure will be 207.6 million iPhones, Market Watch writes.
“We believe that the success of iPhone 16 sales this holiday season will be the beginning of a revival in Apple’s growth over the next 12-18 months, given the current quarter,” Ives said in a note to clients.
The AI features of the new iPhones are not yet available in China and many other countries, but they may be launched in April, Ives said. At the same time, the company can name its new technology partner in China.
The expert estimates that almost 100 million iPhones in China may be updated this year.
Ives is confident that Apple will become the first company to exceed $4 trillion in capitalization, and he expects this to happen in early 2025. Currently, Apple’s market value is $3.86 trillion, up 32.6% since the beginning of this year. The company’s shares rose 0.1% in pre-market trading on Tuesday to $255.6.
Ives reiterated an “outperform” recommendation for Apple shares and a $300 price target.
The founder of TAS Group of Companies (TAS), Sergey Tigipko, has announced new business areas for the group: the purchase of a seed plant and elevator with a storage capacity of 40 thousand tons, and the construction of apple processing plants and a railcar building plant.
“We are buying a seed plant and an elevator with 40 thousand tons of storage. We are building a railcar manufacturing plant in Kovel for the European railroad. We are building a plant for processing apples from scratch into apple concentrate,” said Tigipko at the 10th Kyiv International Economic Forum (KIEF).
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
“TAS Agro, a member of the group, cultivates 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agroholding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a one-time storage capacity of 250 thousand tons.
South Korean giant Samsung has become the world’s largest smartphone vendor in the first quarter of 2024, according to research firm International Data Corporation (IDC).
By the end of 2023, the leader for the first time was U.S.-based Apple Inc. Smartphone shipments in the world in the first quarter of 2024 increased by 7.8% year-on-year to 289.4 million units, IDC said in a preliminary report. The growth marked the third consecutive quarter of growth, indicating the market’s recovery from a two-year slump.
Samsung’s sales were down 0.7% year-on-year, while Apple’s sales fell 9.6%. Meanwhile, China’s Xiaomi increased shipments by a third, while the Transsion brand recorded a growth of nearly 85% and climbed to fourth on the list of the world’s largest smartphone vendors.
“As expected, the smartphone market recovery continues amid a gradual increase in optimism for leading brands,” said Ryan Rieth, vice president of Worldwide Mobility and Consumer Device Trackers. – Apple fell out of the lead late last year, but Samsung successfully regained the top spot in the first quarter.”
IDC analysts expect Samsung and Apple to continue to dominate the top price segment, but also point to the potential for further growth and diversification by brandos such as Huawei, Xiaomi, Transsion, OPPO/OnePlus and vivo.
Apple on Tuesday unveiled the iPhone 15 line and an updated smartwatch, the Apple Watch Series 9. The event was broadcast on the company’s YouTube channel.
One of the main distinguishing features of the new series of smartphones (iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max) is the transition from the Lightning charging port to the USB Type-C connector. Also, all devices will have Dynamic Island, a notch on the screen for the front camera that works as a separate mini-screen. Previously, it was only available in the iPhone 14 Pro.
The iPhone 15 and iPhone 15 Plus will be equipped with A16 Bionics processors, which were introduced last year with the iPhone 14 Pro and 14 Pro Max. The new Pro versions come with the A17 Pro processor.
The budget versions of the iPhone 15 will come in five new colors: black, blue, green, yellow, and pink. The Pro versions will have a titanium body in four shades to choose from. The diagonal of the screens of the iPhone 15 and iPhone 15 Pro is 6.1 inches, and the iPhone 15 Plus and iPhone 15 Pro Max are 6.7 inches.
According to the presentation, prices for the iPhone 15 will start at $799 (128 GB), and for the iPhone 15 Plus – at $899. The minimum price of iPhone 15 Pro is $999, iPhone 15 Pro Max – $1199. All smartphones of the series will be available for pre-order on September 15.
A new S9 processor has been announced for the Apple Watch Series 9 smartwatch. The maximum screen brightness has been increased to 2000 nits – Apple reports that the display is twice as bright as the previous version. In addition, the Double Tap function will appear. It allows the user to control the watch without touching the screen – by moving his fingers on the hand on which he wears the watch. Prices for the new watch will start at $399.
Apple Watch Ultra 2 is equipped with an even brighter screen – up to 3000 nits. The corporation promises 36 hours of battery life in normal mode and 72 hours in power saving mode. The minimum price of this version is $799.
In addition, during the presentation, Apple announced its intention to reach carbon neutrality by 2030.
The first official batch of Apple products – more than 8,000 Iphone 13 smartphones – arrived at the Boryspil airport on October 9, the State Customs Service of Ukraine said on its Facebook page.
“In total, more than 8,000 smartphones of the Iphone 13 line with a declared value of more than $7.5 million arrived in Ukraine. The State Customs Service of Ukraine has begun customs clearance of goods,” the post says.
Earlier it was reported that on June 30, Apple opened an official office in Ukraine. Also, Apple will deliver the entire line of its products and open a service point for servicing its products.
President of Ukraine Volodymyr Zelensky discussed with Apple CEO Tim Cook the census project and the Ukrainization of Siri’s personal assistant, the press service of the Ukrainian leader said.
“It was about the population census project, which Apple successfully implemented in the United States, and the possibility of cooperation in the implementation of a similar task in Ukraine,” the press service said.
The parties also discussed the possibility of Apple building a data center for iCloud services in Ukraine, following the example of the center, which was built in Denmark. They also touched upon the Ukrainian localization of Apple products, including Siri personal assistant.
Zelensky told Cook about the achievements of our country in the IT sphere and expressed interest in further expanding Apple’s presence in Ukraine, in particular through online support teams, Apple Music and AppStore moderators, as well as device maintenance service.
“Today Ukraine is a powerful global IT hub. Our specialists successfully cooperate with Fortune 500 companies, including Apple,” he said.
The head of state presented the Diia.City project to the Apple CEO.
In addition, during the meeting, the parties discussed the possibility of cooperation in the direction of education in the field of programming for schoolchildren, students, veterans, medical workers, as well as providing schools and teachers with computers to support those programs that are already being implemented in Ukraine.
