that "customers are holding on to their older iPhones a bit longer than in the past." Cook has also said macroeconomic factors come into play, particularly in places like China.
There also haven't been compelling reasons for regular consumers to upgrade. Enthusiasts might want the latest and greatest phones each year, but most people are concerned with camera quality and battery life. Cameras are becoming a harder selling point, because phones launched over the past several years already have really good cameras.
Phone makers know this. Apple launched its iPhone XR last September, a phone that excels at both camera quality and battery life but that starts at $749. The more expensive iPhone XS and XS Max have more colorful and brighter screens and even better cameras, but most consumers don't want to spend that much to get there. Meanwhile, Apple also still sells the iPhone 7 for $299.
Apple will face the same hurdles with its new iPhones expected this fall, but at least has two rapidly growing sources of revenue: its services business and wearables, the latter of which isThose businesses were good enough in Apple's June quarter to send the stock up more than 3 percent on the Wednesday morning after earnings — despite the lackluster iPhone sales.
Of course not
by the way,i think the samsung note 10's pen is just unnecessary
Only 5% of the world holds $1000 Apple and Samsung rest 95% choose value
Product positioning gone wrong after all they are just phones .
Or at least something different not the same just bigger faster and more battery life lol
Oh you think?
Broke ass millennials, they want free phones
Apple thought people will buy whatever expensive shit they manufacture. But people are not so dumb. I bought an iPhone once - That was one of my biggest regrets of my entire life. Ancient Fossil bought truckloads of AppleStock lol! & Apple is rat 💩
Spend less time on your smartphone and more in real life. These companies are capitalising on our addiction. Real life conversation are dying.
No kidding
No kidding. You could get a pretty good laptop for that price.
I think that 1k barrier can be broken. They just need to include expensive escorts and hookers along with the phone.
Most people don’t want them. The 15% of people with all the income and wealth do.
Many cannot afford $1000 phones. Not to mention, new phones are released annually. That adds up.
🤦♂️ you think...
Stupid buying one 🤷♂️
To the geniuses at Apple and SamsungMobileUS with lifetime memeberships at Mensa, I can’t afford a cellphone that imitates a similar cost as my student loans.
Apple after this story: raise it to $2000 🤪😂
What geniuses they are. They also need to bring back subsidized ownership. They will need it for upcoming tech innovations.
I have a $120 Motorola that is absolutely terrific.
Apple has become so greedy it only want to cater to those with money and they will go belly up we’re it they were to make affordable phones they might stay on top but greed kills and Apple is going by the wayside other company’s are better affordable.
No we want them, not at the price tag😁. Oh and not if we have to lease them🤬. Who the hell wants to lease something that you are going to drop and break? These phones should only be about $200 by now even with all of the stuff in them.
That’s why they have so many models in their lineup. They have something for everybody. Supply and demand.
Who’d of guessed...
Lies! Lol
60 80 dollars is ok for me
Cannot afford
😂
Don’t want and can’t afford are two very different things.
Even addictions can become too expensive.
Apple and Samsung will continue to sell $1,000+ phones. Because the corporate leaders live in a reality different from ours.
You will always have those who have to have the newest, latest, greatest thing just to say that they have it, even if there are no changes.
Ya think!!
It’s not about wanting, it’s about not being able to afford it
Smart. No one NEEDS $1k phone.
Well, it’s possibly more likely that there is no reason to upgrade. I can’t think of any phone that has distinguished itself in any particular way for at least 3 years - at least not in a way that would justify paying $1000 for it.
Over rated phone. Rip off by Tim Apple Trump friend.
mr_jettlife
That fact of the matter is Iphones are no longer at the technical frontier. People holding on longer to their Iphones is not even half of the story.
I think it’s fine those prices
Lol
No shit. That's a rent payment!
Even if we wanted it who can fucking afford it
It is actually $2000 phones
Apple and Samsung earnings show most people can’t afford $1,000 phones.
When mobile phones don't last long and updates are not available and are scrapped from the market. I think analog phones are hardy and more trust worthy.
Over priced.
I want apples $1700 iPhone, I still have yet to buy it.
with a 300$ phone bill
No shit
They are ripping people off with their brand name.
Companies lease these phones to customers. U only buy if u want a speciality phone or on a pay as u ho plan.
Buying $XRP instead ... my $1,200 cellphone becomes $180 in a year and a half ...
Don nobody wannna buy $1000 fone tru dat
We don't
I doubt many people buy them outright. So would this be more of a factor of phone companies now subsidizing or incentivizing these phones?
Agreed
Specially when they are a piece of crap that brakes very easily and malfunctions constantly.
Who needs a 1000 phone. If you want it fine. But 1000 bucks. I’d save it.
Huelfox2 I still have my iPhone 6 and it works just fine. I’ll wait till maybe next years 5G phone comes out.
Pro tip: make a kick ass $500 smart phone and you will kill the market 💡
😂
So does my history of phone ownership, but y'all didn't ask for my opinion...
kuku27 People want phones between $200 to $300.Anyone in this range will sell very one needs too many specifications, none understands is sheer waste of money.Gimmicks don't work, it is foolish to offer expensive sets
Minimalism and affordability of high quality
Duh but we keep buying them
Some people will keep buying $ 1,000 phones as long as they think it's a symbol of status. That's what Apple sells
No we don't
$1000 phone is too expensive.
Cook wants it,that's enough,he wants it to boost their profits so Cook can keep his job,but turns out in china not only their potential customers r leavin but also their market share is shrinking thx to their failin pricing strategy.They'll blame the slowin economy and trade war.
If pick up phone dont own and caught without consent AppleStoreCheck i,,device charged felony depending jurisdictions expertisematter Airbnb BNBuzz followthebouncingball subway passportCAN HumbleCheaters apple SamsungUS
And we want to keep the ones we have! So support them forever
No shit!
$1000 is ridiculous for a phone.
Whoa.....fascinating
Read as, people want the most technologically advanced phone without paying $1,000
I switched back to LG this year. My V40 is almost identical to a Samsung but cost hundreds less. Not sure why phones are costing two and three times what computers and TVs cost. If they want $1K, at least make the phone shatterproof for godsake.
Duh
milkcrate57 Makes no sense for a cellphone to cost $1000.
Ya think?
Shocking!
From the Department of Duh.
True
It will be interesting to see where this goes. I hold on to my phones forever. Life is expensive
Not that they don’t want but can’t afford.
Most people don’t want redundant bullshit content from CNBC, too.
Especially every year.
Nor do we want computers as jewelry. We need functional machines, with adequate computing power and inputs with good keyboards. Apple doesn’t give af about that
Most expensive phone must be 500$ not more
Not don't, can't.
I want the best functional phone with no and little radiation.
Correction: people don’t want $1000 phones that don’t work any better than a cheap $150 Chinese phone
Sure. Absolutely true. However a good percentage will buy them anyway.
Especially when they last 1.5 years
Highly recommend 1+ pro 7
Duuh
Also don't like bloated phones
Yea people wages have been stagnant for so long, they should do more research on peoples incomes first.
No one “wants” a $1,000 phone....
In a über commoditised and functionalised world, we might all discover that quality inexpensive brands might perhaps hold the most value. Say Google
over inflated PRICES ,...
its not that we don't WANT them, its that most people don't have $1000 to pay for a phone when you have to pay student loans, health care, groceries,, bills, auto insurance, gas (high gas prices) and rent.
I have one and I love it. It’s worth the money. It’s not a phone it’s a computer that can make phone calls. As well as a great camera
And we want a headphone jack.
People want affordable phones under $200.
It's because you can buy an inexpensive phone that does was most people need for a lot less
cherykang indeed i want a 50$ dollar phone with a 4500mAh battery pack
Hmmm, could this perspective be applied to bank accounts and financial services
Why would you.... you could by a smart 65' 4K TV for the same price......
no, we want the phones, we just don't want to pay $1000.
$300... make that a price point and you will see folks will switch out if you stay at or below $300. It's a damn phone we drop.
Hmm 🤔
I'm perfectly happy with my $800 BlackBerry phone. Apple must work much harder to get me to leave my BlackBerry and Android
Sure they do... when a year old and cost 300
But if we tax, tax free Amazon, then we could get an extra 1k a month. Yang2020 YangGang
You needed a survey for that?
I do. Love X
No major changes not worth to upgrade
Edit: 'most people [can't afford] $1,000 phones.'
Of course not. It's a phone.
Buy Xphone. Its cheap and runs on blockchain.
Bring back the SE
The problem is that for every 10 people seeking new phones, 2 might be able to afford $1k and the rest can't afford $200. These companies still make a profit on the stupid. Plus advertising makes everyone else feel dumb for not buying expensive.
People are over phones. The Wow is gone. Just another appliance.
You don’t say!
Even those who can afford them see it as unnecessary expense.
But we want $200 headphones
I just ordered a Samsung J7 Crown....99.99...does everything I need. I think it is totally insane to pay 500-1000 for a phone.
No one also wants $1,000 repair bills neither. Even at $500 that's to much to ask.
Too much!
Looks like they found their price
On the flip side APL has over 200 bil cash so obviously they have a big markup soooo maybe phones are over rated.
I still have my IPhone 6S. I was also called unamerican for not trading my car in every 3 years by a car salesman so there’s that 😂.
the box and background picture can be off these days.
Thank you consumers for slowing the market down!! 🙏🙏🙏
mr_jettlife
But they still want all the features
Hell nah
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNN - 🏆 4. / 95 Read more »