Apple Earnings To Be Reported Tuesday -- May 1, 2017

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Title : Apple Earnings To Be Reported Tuesday -- May 1, 2017
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Apple Earnings To Be Reported Tuesday -- May 1, 2017

Data points:
  • US population: 330 million
  • one-fourth of the American public -- one out of every four Americans -- acquired an iPhone during the holiday period in 1Q17 -- not during the quarter, but during the holiday period (at least that's what was said at the linked article)
  • Apple sold 78.3 million iPhones during the 1Q17 holiday season
  • average selling price of each iPhone: $695 (Wall Street forecast: $688)
  • Apple's 2nd quarter is generally among its weakest (for obvious reasons)
  • 20 - 30% of consumers prefer a more expensive iPhone model to a less expensive iPhone model
  • Apple earnings to be reported Tuesday
  • forecast: 52 million sold iPhones, an increase of 1 million iPhones from same quarter one year ago
  • forecast: 33% of consumers will have preferred a more expensive iPhone model rather than a less expensive iPhone model
So, we'll see.

So,
  • if during their best quarter: 80 million phones
  • third worst quarter: 50 million phones
  • splitting the difference, 65 million phones in each of the two other quarters
  • total: 260 iPhones sold in one year
  • one has to assume, not every Apple iPhone user bought a new iPhone in 2016
Well, you can do the math.

I don't own a smart phone. Never have. Never will. I probably shouldn't say "never."

But in our older daughter's family, the only member who doesn't have an iPhone is Sophia; she will turn three years old this summer. My wife had an iPhone. The only holdouts, it appears: our older daughter out in Portland, and, me.





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