Apple is having a blast this fiscal year! With monstrous sales from the recent years and during the first two quarters of 2015, analysts have been impressed by how much Apple is doing these days. And yes, it's going to be bigger and historic.
Recent forecasts by analysts have favored tremendous growth on this Steve Jobs-founded company. And there are no signs of stopping, mind you.
Let's see what the experts have to say on the "world's most valuable company" going totally berserk in the global market...
Forbes attributes the success to the massive iPhone 6 sales in Greater China - which includes China, Taiwan and Hong Kong. It has been reported that revenues from this region increased by 71% year-over-year to about $16.82 billion during Q2 FY'15, which is over 3x the growth rate of Europe and the Americas regions! This, in turn, recognizes China as Apple's largest market for the iPhone, overtaking the United States. Forbes mentions two big reasons for this continuous spike of iPhone sales in China. First is the introduction of large-screen iPhone 6 and 6 Plus models, which is highly favorable to phablet-loving Chinese market. Secondly, is the rapid growth of high-speed mobile data users brought about by the tremendous efforts of China Mobile, the world's largest mobile carrier.
Meanwhile, Apple Insider compliments Forbes' claims when they surveyed a couple of analysts namely: Wells Fargo, Cowen and Company and Piper Jaffray. All three analysts agreed on the top-notch performance of iPhone 6 in the Chinese market. They also emphasized better iPhone penetration growth and loyalty at U.S. carriers, plus the addition of 25 more carriers during the quarter, such as Vodafone India.
Meanwhile, CNN Money believes that the Apple Watch is the X-Factor on this historic Apple growth. Apple may be tight-lipped about their newest tech baby while critics are underestimating it, but a couple of experts are already forecasting million dollar revenues on it. CNN Money interviewed Trip Chowdhry, Managing Director of Global Equities Research, and Chowdhry said he expects Apple to sell no more than 40 million Apple Watch this year.
This has been a great year for Apple. But take note: iPhone 6 made its debut on this fiscal year. But what about the next year? Well, here's the general expectation: a nice iPhone 6s. Or how about an iPhone 7? One thing's for sure, Apple always has a better plan.
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