Apple & It’s Economic Position Amidst Coronavirus Pandemic, the coronavirus has taken over the entire world, and everyone is staying home to experience social distancing. Hence, the lockdowns are real, and people are pondering if Apple is experiencing a downfall in sales. Above all, there are multiple expressions of Apple’s dooming with fewer people able to leave the house for buying the products. Hence, we are talking about Apple’s economic situation and product release amidst coronavirus pandemic.
First of all, the second quarter of Apple’s fiscal year is starting, and Apple was expecting $63 billion to $67 billion in sales. In contrast, according to Apple, the sales were recorded at $58.3 billion. So, these numbers might be hitting the rocks on the paper, but the reality isn’t too drastic. Consequently, the gap in number accredits the late launch of iPhone SE.
It is most noteworthy that Apple’s revenue was $58 billion last year for the similar quarter. In contrast, if you think, the additional $5 billion to $9 billion was for the iPhone SE launch. So, such money chunks are out due to a gap in the release of iPhone SE. Similarly, with the launch of iPhone SE, this new budget and sales cast is favourable.
Furthermore, there are multiple financial uncertainties, but with iPhone SE, the sales are topping up. In contrast, even Apple hadn’t considered such drastic sales for its economical option. So, it’s pretty apt that Apple might be experiencing high sales and revenues in quarter three rather than in quarter two. Also, the iPhone 12 might be delayed as well.
So, in the progressive quarter, the flagship models might be available with discounts. Hence, sales will go higher. Above all, the balance sheet of Apple holds great significance. Finally, the uncertainties are rising.
It seems like the pandemic is going to last for months, and so will the lockdown. Similarly, there is no clarification about the extents and forms, but situations might be diverse. In contrast, the lockdowns might be easing down in some parts of the world. As a result, the economy might get back to normal as people might be returning to Apple stores.
Likewise, COVID-19 is a severe flu condition, and by the end of the year, it might be fading away. In contrast, in cold countries, the virus shall spread and strengthen. So, it’s needless to say that economic hit will be drastic, and businesses will lay off and close down. Similarly, the audience will not be able to invest in an expensive smartphone in the coming years. Finally, there is a huge mix of economic situations that can happen.
First of all, we are acknowledging Apple’s potential downturn. So, there are high chances that the replacement cycle of iPhones shall reduce. Consequently, there are high chances that users use their iPhones for four to five years rather than two to three years. Similarly, Apple is already working on complying with the new model to trends.
First of all, Apple is complying with these trends by offering its semi-flagship models. As a result, Apple came up with iPhone XR (iPhone 11 being the inspiration!) Similarly, there are multiple economical options available, and with iPhone SE, they are following a similar trend. Likewise, they are repeating the same story with an iPad with their feature-rich model with a lower price tag.
In contrast, there is no news from Mac. Even more, the ARM-powered Mac might be on the way with effective performance and affordable price. As a result, there are high chances that eMac and new iBook create a dramatic entry.
So, we know that Apple is working on multiple affordable options. In contrast, Apple has a huge user base that will remain safe from economic impacts by the pandemic. Even more, people are trying to treat themselves with premium products. Hence, these two population bases are promising revenue generation for Apple, right? Finally, no matter what, Apple will continue to generate money from the mix of premium and affordable options.
Long gone the times when Mac, iPad, and iPhones were only products available from Apple. Consequently, Apple is working on wearables to create product mixtures along with an increase in service options. Hence, Apple is working on top-notch products like AR glasses, AirTags, headphones, and other topping products.
So, with the information proposed in this article, it’s needless to say that Apple isn’t facing negative sales or downfalls. For the reason that there are fewer sales in some parts of the world, it doesn’t mean that Apple is going down in loss. Furthermore, the number of flagship iPhone models might experience fewer sales.
In contrast, Apple is coming up with a wide array of products with different pricing factors. Finally, the setbacks might be temporary, but Apple surely knows how to come out of the dense air with ultimate ease.
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