Categories Earnings, Technology, U.S. Markets News

Apple could have given you a gold iPhone X

It appears Apple (AAPL) had plans for a gold-colored iPhone X but decided against it. A document containing details of the device’s design was submitted to the Federal Communications Commission last September. Prior to iPhone X’s release, Apple analyst Ming-Chi Kuo of KGI Securities had stated that a gold-colored iPhone X was likely to face production problems and would be available in low volumes. It was also hinted that a gold-colored version might be released later than the other versions.

Apple eventually released the iPhone X in two versions – silver and space grey at the end of 2017.  It is not clear whether a gold version will be released at all. The iPhone X has faced manufacturing issues and production cuts during the first three months of 2018.

While last week Apple rolled out red-coloured iPhone 8 and 8 Plus, the upcoming announcement of new iPhone models in September is something to look forward to. Last December, it was reported that Apple would launch three new iPhone models in 2018 with larger batteries and longer battery lives.

Quarterly results on May 1

Speculations and rumors on the gold-colored models gain pace just two weeks ahead of the second quarter earnings announcement, scheduled for May 1. The company is guiding for $60 billion to $62 billion in revenue and a gross margin of 38% to 38.5%.

iPhone revenue is a key area to look at. During the first quarter of 2018, iPhone revenue saw an year-over-year growth of 13%. Apple will have to achieve more than $36 billion in iPhone revenue to see another double-digit year-over-year growth.

The upcoming announcement of new iPhone models in September is something to look forward to

Apple’s services segment, meanwhile, is expected to see similar growth as in Q1 2018.

Some analysts are of the opinion that Apple, which benefited significantly from the tax reform, is in a good position to increase its capital return and could very well go ahead and double its dividend without getting hurt.

At the end of the day, market-beating earnings results would be more attractive than a gold-colored iPhone X.

Most Popular

Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO

Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top