Apple’s Nice Device Price Rise Shows Potential For Tariff Resilience — Panjiva


Apple’s Nice Device Price Rise Shows Potential For Tariff Resilience

China 1758 Earnings 365 Info Tech - Comms Equip 118 Tariffs 1169 U.S. 3297

Apple delivered revenue growth of 17% on a year earlier despite a rise of just 1% in the number of iPhones shipped That was in part due to a 19% surge in the average sales value per handset. The slowdown in handset sales appears to be an industry-wide phenomenon – U.S. imports of handsets fell 17% on a year earlier in the three months to May 31. With 82% of phones coming from China there may be concerns about the widening tariff spat between China and the U.S. CEO Tim Cook indicated though that tariffs are “a tax on the consumer” suggesting that price increases would cover higher d...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.