Apple is facing new fresh challenges in the technology world. The Cupertino-based today announced its second quarter results. The makers behind iPhone, iPad and Mac witnessed steep fall in sales and profits too. For the first time Apple declared that sales of the existing products aren't encouraging. CEO Tim Cook further said that company is working rather hard these days to craft new products and services.
He [Tim Cook] did not specifically name specific products but hinted at 'new product categories 'to be announced in fall this year, and in 2014 as well. That means for a time being kindly forget to think about a new iPad or an iPhone to be announced around August. What analysts speculated in the past few days were right? At the moment Apple is rather trying to woo back shareholder's confidence.
Apple always maintains secrecy with its upcoming devices. Immediately after Apple announced its quarter results many analysts expressed their views on Apple future. The iPhone 5S will likely to be announced this fall followed by retail release in the month of November. When it comes to the iWatch and iTV, expect both devices to ship in the first half of 2014. Apple is set to hold WWDC this June, and most likely one could see the birth of new version of iOS i.e. iOS 7.
"Apple CEO Tim Cook mentioned that the company is looking at adding new services and new product categories. We do not believe Apple has hinted to new product services and categories in the past, making Cook's comments tangible evidence innovation is alive at Apple. We believe the new product categories will include both a television to be announced at the end of 2013 and a smartwatch in 2014. We also expect a digital wallet offering in iOS7 or iOS8 (2013 or 2014).... We continue to expect a larger screen iPhone in March 2014. Cook's comments all but eliminate a larger screen iPhone in the near term suggesting Apple would not trade a larger display", as per Gene Munster, Piper Jaffray (via Forbes)
"March results beat our model but lowering June and September quarters to reflect slow sales and lower average selling prices ahead of new products. Apple provided increased transparency into the timing of new product launches ("Fall and throughout 2014"), which implies a September iPhone launch, in-line with supplier data points... Perhaps most interesting was Apple's increased focus on content/software/services, which hit a $16B+ annual revenue run rate, up 30% Y/Y. Apple also broadened its comments on product pipeline to include software, services, and new product categories. Most interesting to us is the potential for a killer service, like mobile payments, to better monetize the 500 million plus account base and drive further differentiation and share gains in mobile devices" , as per Katy Huberty, Morgan Stanley ( via Forbes)
It is well known that Apple new products have been delayed citing production issues. Now it is to be seen how manage to come increasing threats from Samsung and others. Stay tuned to Gizbot.