The iPhone 4S fell way short of expectations, a sign that many believe marks the fall of Apple Inc. following Steve Jobs' death while others blame the early reveal for the disappointment. Chief Executive Tim Cook's first posted quarterly earnings caused shares to fall seven percent and Apple's value to decrease by $27 billion. With the recent falling numbers, Google Inc. is quickly making gains on Apple, who also faces competition from Samsung and Amazon.com Inc. Analysts forecasted sales at 20 million, but actual sales only reached over 17 million (Gupta).
"Investors are going to start to speculate that there is change under way now that Jobs is gone, and that there's trouble ahead. We don't share that point," said Channing Smith, co-manager at Capital Advisors Growth fund, an Apple shareholder, who believes that these numbers do not hint at the company's downfall. "The iPhone is where the weakness was and it's an explainable one. The strong demand for the iPhone 4S set up strong demand for the holiday season" (Gupta). .
Net profit also fell short by $7.34 a share as analysts projected it at $7.39 a share. Apple has not missed an estimate for over a decade. "Expectations for this company were red-hot that is why we downgraded it. The reality is their business is not an annuity. They have to sell their quarter's worth of revenue every 90 days," said Colin Gillis, BGC Partners analyst, who lowered his ratings before the phone was released. "They had a big upgrade cycle with the iPhone, the numbers came in weak. They need to set records every time they report to keep up the momentum" (Gupta). .
Apple believes that the iPhone 4S's less-than-desired reviews stem mostly from the fact that buyer's are waiting for the holiday season to buy. Furthermore, rumors of the iPhone 5 release date projected for later this year convinced many buyers to wait (Gupta). .
"We expected iPhone sales to decline in the September quarter from the June quarter as a result of the announcements we made .
On June 29, 2007, the Apple Company released their first iPhone. ... The fist iPhone ever released was on June 28, 2007. So far, Apple Company has released 5 iPhones. iPhone, iPhone 3g, iPhone 3gs, iPhone 4, and iPhone 4s. ... Then the iPhone 3g was released on July 8, 2008. ... The newest iPhone, the iPhone 4s, is similar to the iPhone 4, but with more features added. ...
On the other hand, Cook has been forced to compete for market share with Google and, in turn, has released products that were still in progress. Faced with customer dissatisfaction and dropping stock prices, Cook stepped forward to apologize for several misguided Apple decisions, including the Siri feature on the iPhone 4S, the iOS 6 maps feature, Ping, and MobileMe (Wingfield). Cook released a statement apologizing for the new Maps feature, which many customers believe is one of a smartphone's most essential abilities next to the call function (Martin). The iPhone 5's new Maps f...
Just one year later the Apple II was released and Michael M. ... From up then Apple was able to release a new generation of the iPhone every two years. By opening its App Store one year after the release of the first iPhone Apple created a new market. ... The former COO Tim Cook took over the CEO position and is still in charge today. The last big release of a product has been the iPhone 5 in 2012. ...
Since its release date, many consumers have been experiencing dropped calls and signal problems when the phone is held a certain way, widely known as the "Death Grip" (Daily 2News). ... However, Apple has recently released a tangible solution to the problem. ... In addition to the poor reception, FaceTime is limited to iPhone 4G users. 3G users are out of luck, as well as non-iPhone users (The Inquirer). ... Obviously, the iPhone 4G has faced some major setbacks since its release. ... Despite its flaws, sales have far exceeded expectations, leaving a long line in back orders f...
In July of 2008, Apple released the iPhone 3G, which CEO Steve Jobs described as, "twice as fast, at half the price" in comparison to its iPhone predecessor. With the new iPhone, came Apple's App Store, a one stop shop for hundreds of applications a user can add to their phone to increase functionality. Apple became the #1 power player in the smartphone game, boasting an impressive 500 applications available for download upon its release (iPhone 3G on Sale Tomorrow. Apple Press Release. 2008. ... Yep, theres an app for just about anything - only on the iPhone....
Forstall oversaw the recent release of the Maps app, which failed greatly and caused Cook to release an apology to customers. ... Although there are many bumps along his career path, he also designed the system that ran Apple's iPhone and iPad. ... Apple's press release did not state what Forstall planned to do once he left the company, but it did explain that he would act as an adviser to Cook until he left sometime next year. ... In the meantime, Browett's former group of employees will report directly to Cook. ... When asked about the recent personnel changes, Cook releas...
And with the recent launch of the iPhone onto the market, our addiction has only gotten worse. For true believers, the iPhone is much more than "just" a phone, however. ... The iPhone caters to all you social butterflies, too. ... The iPhone has made the globe just a little bit smaller, too. ... The iPhone has you covered there, too: it will provide you with a map and directions to get you where you want to go. ...
The iPhone was created in the summer of 2007. ... The iPhone 5s a8 processing chip is 50 times faster than the original iPhone (Kepple). ... The iPhone 6s is much improved from the iPhone 6. ... Androids are cheaper than iPhones. But iPhones is higher quality. ...
Almost every year, a new version of their classic iPhone is released, and with every release, hundreds of people at every Apple stores line up to get the latest product, even when there are minimal changes to the product itself. ... However, many companies that practice planned obsolescence release products that will last a long time, but they also release new versions of the product frequently. ... For example the iPhone. Right now, one of the best mobile devices a person could have is the iPhone 6 or iPhone 6+. However, there are still many people using the iPhone 5, and even older models. ...