Apple is starting its weakest year since 2015 with iPhone shipments falling sharply at 42% in the January-March quarter compared to the quarter a year ago.
Although shipments rose threefold in April from levels in March from discounts, they declined in May and June, underlining Apple’s struggles in the world’s fastest-growing smartphone market, analysts said.
Apple is reportedly aiming to start manufacturing its higher-end phones locally through Taiwanese contract manufacturer Foxconn, with an initial monthly capacity of 250,000 devices. About 70-80% of the output may be exported as the smartphone maker tries to diversify its production base outside China.
“Apple had a disappointing run in 2018 and the outlook for 2019 looks weaker, with shipments having fallen further compared to last year, with the exception of April, thanks to price correction that month,” said Neil Shah, research director at Hong Kong-based Counterpoint Technology Market Research.
India tops budget smartphone use worldwide, with the highest average monthly mobile data usage per smartphone, according to mobile networking and telecommunications company Ericsson.
Source: The Economic Times