Apple Banking on Software and Services as Next Cash Cow as iPhone Sales Slow

as informed in The executives held key roles related to the expansion efforts of Apple's business there, according to the report, and with their departure the whole Indian sales division is now being restructured. Apple's Indian sales team is now undergoing a restructuring, one of the people said. For example, Apple is still pushing the iPhone SE for around $375, which is still quite expensive for much of the local market. AdvertisementBloomberg noted that Apple has had similar problems elsewhere in Asia, like China, which is now Apple's second-largest market. Apple broke an 18-month sales slump in China in October 2017, though it may have largely been due to customers upgrading.

Apple Slipping Behind in India as iPhone Sales Tumble, Key Sales Executives Quit

Show Full ArticleAs Apple faces increased competition by the onslaught on OEM's entering Indian market, three senior sales executives have departed the company due to difficulties boosting iPhone sales in the country. The report highlights that the information is from sources close to the matter and as a result, Apple's Indian sales team is now undergoing a restructuring. Bloomberg reports that the state of iPhone sales is fundamentally different from Tim Cook's outlook on the situation. Despite experiencing difficulties in India, Cook believes India could be the next China, which is the second largest market for Apple. "It's a Catch-22 situation for Apple in India."We want to hear from you – what are your feelings about Apple and the iPhone in India?

Apple Banking on Software and Services as Next Cash Cow as iPhone Sales Slow

as informed in Slowing sales of the iPhone, Apple's mega-star product. In late May, Nomura's Jeffrey Kvall warned that "iPhone X remains uninspiring...Apple guidance implied third fiscal-quarter iPhone unit volumes that were better than feared. Apple is expected to announce three new iPhone versions in the fall, which may include a larger version of the iPhone X and a less expensive iPhone model. With its iPhone business under the microscope, bullish Apple analysts point out its growing services division, which includes iTunes, App Store, AppleCare, iCloud, Apple Pay and more. RBC Capital Markets wrote that Apple's Apple Music subscribers, estimated at between 40 million and 42 million, will shore up its burgeoning content business.

collected by :Clara William