Tuesday, September 28, 2021

Good news! Apple to reduce price of phones in local countries outside US!πŸ˜ŽπŸ™Œ

Good news! Apple to reduce price of phones in local countries outside US!πŸ˜ŽπŸ™Œ

Apple’s iPhone revenue has plunged in the December quarter, and the company is ready to make some changes.

According to CEO Tim Cook, Apple will reduce prices of the iPhone in markets where local currencies have weakened against the dollar.

β€œAs we’ve gotten into January and assessed the macroeconomic condition in some of those markets, we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas,” Cook told Reuters (via The Next Web).

β€œIf you’ve never bought an iPhone outside of the U.S., you may not be aware of just how staggering the price difference is. 

I’ve been pointing it out over and over and over β€” it’s hard to justify spending $1,760 for a maxed-out iPhone XS (UK pricing at launch) when the exact same model costs $1,349 in the U.S. β€œ

Good news! Apple to reduce price of phones in local countries outside US!πŸ˜ŽπŸ™Œ

And it’s even harder in a country like Hungary, where the price is even higher and the average customer’s purchasing power is far lower than in the U.S.

Yes, a part of the price difference is in taxes, and yes, the U.S. pricing does not reflect local taxes, and yes, Apple has additional distribution costs in markets other than the U.S. 

But the simple truth is that iPhone prices are too high for many international buyers, and Apple definitely can do something about it. Now, we’ve simply reached the point where the company is willing to address the issue.”

In the same interview, Cook talked about the growth of its services business. 

There, revenue is up 19 percent year-over-year, and the company is poised to launch new services in 2019, including (probably) a video streaming service.

Good news! Apple to reduce price of phones in local countries outside US!πŸ˜ŽπŸ™Œ

Cook noted that the services gross margin gets more efficient as services business gets larger, and the business gets larger when the company sells more iPhones, so reducing its price makes sense.

 But it’s worth noting that Cook sang a different tune in 2017, when the company launched the iPhone X, its first $1,000 phone.

In any case, it’ll be interesting to see how new iPhones are priced internationally come September. 

Unfortunately, Apple does not break down iPhone unit sales in earnings reports at all, let alone by market, so assessing the potential benefits from this new strategy will be hard.

Join us on telegram

πŸ“±@LegitDroidPhonehackπŸ“²

✌️✌️✌️

- Advertisement -
Good news! Apple to reduce price of phones in local countries outside US!πŸ˜ŽπŸ™Œ
Droidvilla Adminhttps://droidvilla.com
I am Nnoka Godswill also known as Favtechblogger, Droidvilla CEO! A final year student of the University of Port Harcourt, studying Electronics and Computer Engineering. Found passion in technology and decided to keep the world in touch with latest happenings around the world of technology. Email author at favtechblogger@gmail.com

Recommended

Step By Step Guide On How To Create and become a Whatsapp TV In 2021

Are you wanting to create a WhatsApp TV and you are probably lost on where to start or even how to start? So today we...

Download Nutflix V7.69.0 APK /Cracked/Hacked Mod App and Enjoy Premium Netflix Subscription For Free

Nutflix (Netflix/Teatv) V7.69.0 apk mod app Here is another sure alternative for Netflix users to watch and stream premium Netflix movies all for free Using...

Watch All 2500+ Live DSTV Channels For Free Using Latest Josh DSTV Hacked Apk App and STB

As promised, we are not here to make money, we are here to show you all why Droidvilla Tech is different. Remember the hacked dstv...

Download DSTV Cracked/Hacked Apk and Watch Over 2500+ DSTV Live Channels for FREE via VTV Apk 2020/2021

Hacked DSTV apk downloadHappy Sunday from Droidvilla Tech to all esteemed followers and viewers of this post! Here is another free movie streaming application...

How to Earn Over N10000 Weekly With This Top 5 Paying refer and earn apps in nigeria

Make over N10000 weekly with this top 5 paying refer and earn apps in nigeria 2021/2022 by simply sharing your referral links to your...

Android Apk Apps

Related news
- Advertisement -

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here