iPhone SE: A success or a failure in China?
|
New data shows that Apple's iPhone market share in China has declined, so how is its latest low-cost product, the iPhone SE, performing? Fool.com, a US financial analysis website, provides the following analysis. Apple launched the cheaper iPhone SE in March this year, mainly targeting the more price-sensitive market, especially the Chinese market, but according to market research firm Counterpoint Research, Apple's share in this important market has declined. Does this mean that the iPhone SE is not as good as management expected? Counterpoint Research said that only 10.8% of the mobile phones sold in the Chinese market in May were iPhones. This figure is a slight decline from Apple's 12% in the same period last year. Currently, Apple's share of the Chinese market can only rank fifth. More importantly, the companies ahead of Apple are all Chinese local brands that mainly produce low-priced products. Apple launched the iPhone SE in March, which starts at $399, $250 cheaper than its latest flagship model, but investors should note that Apple's decline in market share this year does not mean that the iPhone SE is not in great demand in the Chinese market. The fact is, despite the iPhone's decline in China market share in May, there is reason to believe that the iPhone SE is selling well in China, just as investors expect. For most of Apple's fiscal third quarter, iPhone SE shipments were tight, and consumers who wanted to buy it had to wait for weeks to see Apple deliveries even in late June. The tight shipments of iPhone SE in the third quarter indicate two things: First, it suggests that demand for iPhone SE in the third quarter exceeded management's expectations. Second, interpreting Counterpoint's data in another way, given the tight supply of Apple's latest iPhone in the third quarter, the loss of market share only means a small year-on-year decline. Whether or not the iPhone SE is successful in the Chinese market, Apple needs to come up with more ideas than just improving the performance of the machine in the appearance of three years ago to revive the once-prosperous Chinese market. Apple's revenue in Greater China (including mainland China, Taiwan, China, and Hong Kong) is under great pressure, and its second-quarter data shows that the company's revenue in the region has fallen 26% year-on-year. It is worth mentioning that Apple's revenue decline in Greater China does not fully reflect the situation facing Apple products in this market. Apple CEO Tim Cook gave a more detailed analysis of the revenue data for Greater China in the second quarter conference call, which reflected a more optimistic mood. Cook said: "We are very focused on Greater China, specifically the mainland China market, where revenue is down 11% year-on-year. Based on exchange rate factors, our revenue in mainland China is down 7%, and the actual sales data is only down 5%. Remember, our revenue in the same period last year was up 81% year-on-year." Cook's last statement deserves further emphasis. Apple's revenue in mainland China increased by 81% year-on-year in the same period last year, and this comparison is to illustrate how well the company performs in the Chinese market. Apple's second quarter revenue in mainland China still showed significant growth compared with the same period two years ago. However, Apple's current lack of growth in China shows that it is not as easy to achieve growth in this market as before. Cook even said in the second quarter conference call that Apple "may have lost the tailwind that has been driving it forward in China." Overall, the decline in iPhone market share in China and the decline in Apple's revenue in Greater China in the second quarter may make Apple's situation in the Chinese market look more severe. This is indeed a concern worth paying attention to. If Apple's sales continue to decline in its second-largest market for a longer period of time, the company's price-to-earnings ratio of 11 times may look high. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
Recommend
The "king of new materials" mentioned in "Dream Pool Essays"! What exactly is graphene?
If you ask what new material is the hottest nowad...
Adidas Migrates SAP Environment to Amazon Web Services to Digitally Transform Core Business
Transform your business and become a more data-dr...
Actual test: WeChat has lifted the external link blocking and can directly open Taobao links
Earlier today, Tencent released a "Statement...
User fission strategy: 10 methods of “using old customers to bring in new customers”!
Advertising traffic is too expensive? SEM prices ...
Countdown to Apple's conference, eight tips to help your APP gain enough presence for free
At 10 a.m. local time on March 21, or early morni...
A list of plants that are mispronounced | Ficus microcarpa VS Coriander: The name is very "high-end", but the appearance is very ordinary!
The Chinese names of plants are like refined code...
Methodology! How operators can take advantage of hot topics to plan events!
The operations department plans activities based ...
Taiyuan SEO training: How to quickly include external links?
External links are articles or content with links...
Linyi SEO training: Summary of the network promotion plan for building high-quality external links
External links refer to links from other websites...
Which restaurant serves the best crispy dog meat in Yulin?
It is said that the most important thing about he...
Special planning of the "Health from Food" series丨Beware of "diseases from the mouth", be careful when eating these foods
Did you know that common foods in our daily lives...
This set of blockbusters shot by Wang Yaping is shocking!
November 18 Wang Yaping, an astronaut on the Shen...
iPhone 6 screen is prone to damage! Do you use a screen protector or not?
Apple's iPhone has finally become bigger, and...
Panasonic's new air purifier F-655FCV is available first
Since last year, the air purifier industry has sh...
These 7 points will help your landing page conversion rate soar!
A landing page , also known as a "landing pa...