The Associated Press, October 31, reported that after the launch of the iPhone X, the market reacted hotly, and Apple's stock price also started a surge. It rose by nearly 6% in two trading days and its market value exceeded 860 billion US dollars. Wall Street analysts are already thinking about the milestone in the Apple market.
Popular iPhone X
After Apple introduced the iPhone 8 and iPhone 8 Plus, the market reaction was cold, which caused Apple's stock price to fall. But it turns out that Apple's influence is still huge, and consumers are just waiting for a better and more expensive iPhone X.
Last Friday, Apple iPhone X started bookings in many countries around the world, and the bookings were quite popular. In China, the bookings of major e-commerce platforms are basically spiked. On Tmall Online, it was snatched out in 5 seconds. Some cattle have even shouted a price of 17,000 yuan. If you want to get the goods on the day of sale on November 3, the price of the cattle will be 30,000 yuan.
The iPhone X is by far Apple's most expensive phone, and the latest phones use the latest technologies, such as wireless charging, OLED displays, and an improved depth-sensing dual camera and facial recognition unlocking system.
Industry analyst Daniel Ives of research firm GBH Insights on Monday raised his forecast for iPhone X pre-orders from 40 million to 50 million, and said the iPhone X had "dazzling success" in the early stages of its launch.
Broker Nomura Instinet's Jeffrey Kvaal said that Apple and U.S. wireless carriers have extended the shipment time of iPhone X pre-orders to 5-6 weeks, which is longer than previous generations of models, showing strong demand. The length of time that Apple orders are shipped is also one of the indicators that the market monitors Apple's popularity.
KGI Securities Ming Ming said that next year's iPhone shipments are expected to increase by 10% -20%, reaching 245-255 million units; the need for a substantial iPhone upgrade in 2018 is not high, but Apple will still upgrade and create selling points.
How far is it from trillions in market value?
Ever since the end of June 2012, Apple's market value has surpassed Exxon Mobil, and it has consistently ranked first in the world's stock market capitalization. At that time, Apple's market value was 541.4 billion U.S. dollars, and the market value has continued to rise since then.
But Apple's performance growth has been slumped. In 2016, revenue and profit both declined. This year has rebounded, but the magnitude is not obvious. The third fiscal quarter of 2017 announced by Apple in early August showed that revenue for the quarter was $ 45.4 billion, a year-on-year increase of 7.2%; profit was $ 8.72 billion, a year-on-year increase of 11.9%.