High demand for the iPhone X will drive an upgrade „supercycle“ this holiday season that could see shoppers spending the bulk of their holiday cash at Apple Stores, according to a note from Morgan Stanley analyst Katy Huberty (via Business Insider).
Given the high price of the iPhone X, which starts at $999, the iPhone X could „absorb“ $30 billion of discretionary spending during the holidays, impacting other retailers. Huberty believes customers will be drawn to all of the new features in the iPhone X, and will reduce spending in other categories in order to afford the device. „Apparel is a wallet share donor to other categories, with [...]
Apple CEO Tim Cook and Amazon CEO Jeff Bezos are among a group of technology leaders meeting with President Donald Trump at the White House today, with plans to discuss how the government can begin cutting waste and improving services.
The Trump administration believes there is an „economic opportunity“ to save as much as $1 trillion over the next ten years, and is seeking the advice of a group of tech CEOs on the best way to reduce government spending through technology (via Reuters).
Methods looked at by the Trump administration are said to include cutting government information technology costs, reducing government costs through improved IT [...]
The wireless headphone market has steadily grown over the past year, new data from research firm Slice Intelligence suggests.
In the U.S. last month, an estimated 75% of revenue from headphones sold online came from wireless models, up from 50% in December 2015, according to Slice Intelligence. Apple’s new AirPods led the way, capturing an estimated 26% share of online revenue in the wireless headphone market since launching on December 13.
AirPods stole the top spot from Beats, which took an estimated 15.4% of online revenue in the wireless headphone market, down from 24.1% between the start of 2015 and December 13. Given it owns Beats, Apple appears to [...]
While much attention has been placed on Apple’s first quarterly revenue decline in thirteen years, with some suggesting that the iPhone maker may push deeper into services to combat the slowdown, there is evidence to suggest that Tim Cook and company have bigger plans in store.
Apple analyst Neil Cybart of Above Avalon notes that Apple is now on track to spend a record $10 billion on research and development this year, up nearly 30 percent from 2015 and significantly more than the little over $3 billion per year it was spending on R&D just four years ago.
Cybart believes that the most likely explanation for Apple’s increased R&D [...]