Smartphones Tech

The iPhone 11 sells better than expected and Apple has exceeded $ 1.1 trillion

Bloomberg reports on Apple’s great sales success. The company predicts even more profits next year. The iPhone manufacturer is also growing on the stock exchange, where the company’s value has exceeded $ 1.1 trillion.

At the beginning of 2019, Apple commissioned its subcontractors to produce 70-75 million iPhone 11 . Suppliers, according to unofficial Bloomberg data, however, aim at the upper limit, due to the very good sales of Apple smartphones.

There are two reasons for the success of Bloomberg’s iPhone 11. First of all, Apple did not achieve its Christmas sales targets last year. Therefore, the company reduced the price of the premiere model by $ 50, which positively affected the number of smartphones sold this year.

Secondly, earlier models are aging, so users need new devices. On average, Apple customers exchange their smartphones once every four years. Americans sold the most devices in 2015, when they purchased 231 million iPhones, up 37 percent more than a year ago. At the turn of 2014/2015, the iPhone 6 and 6S debuted, which users have already replaced with a newer model, or will do it next year.

The reason is the lagging of devices, poor battery and lack of software support (2014 models did not get the update to iOS 13 ). Apple has sensed this moment perfectly and is planning to launch two devices next year. In the middle of the year, a budget variant of the iPhone will be released, which will look like the iPhone 8. Its price will be lower than this year’s models, which will attract many customers to Apple. Bloomberg also reports that next year’s Apple flagships will have new screen sizes, a faster processor, 5G network support and a rear 3D camera adapted to augmented reality programs.

Apple’s value and revenues are growing

Good sales results translate into the company’s condition. In four years, the Cupertino giant increased the value of its shares on the stock exchange twice. Shares of Apple subcontractors are also growing. The company reached a record value of $ 1.1 trillion. According to Bloomberg, analysts predict that the company’s revenues will amount to 62.9 billion dollars, which is more or less the same as last year.

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