3 Reasons Why Apple Inc. (AAPL)’s iPhone Is The Most Liked Product
Apple Inc. (NASDAQ:AAPL)’s rise to stardom as the most valuable company in the world has been in the making for years, backed by a string of exciting products. Behind the impressive run, one cannot fail to acknowledge the role the iPhone product line has played in propelling the company to the top of the charts.
iPhones are not the only products the company produces, but the fact they account for a good chunk of the company’s overall revenue makes them special. Seeing how other products have fared this year, justifies the sentiment the iPhone product is the most liked product from the company’s factory.
Apple Watch Disappointment
All buzz at the start of the year revolved around the Apple Watch unveiled at the end of 2014. The wearable was highly expected to take over the industry by storm. Its arrival came at a time when other companies had tried and failed to capture the mass market. Apple Inc. (NASDAQ:AAPL) known for its disruption effect was highly expected to revolutionize the expected.
Seven months down the line the wearable has not lived up to expectation. Apple Watch has not proven itself as an essential gadget to customer as iPhones. Even on attracting celebrity endorsements the wearable has not enjoyed the best of rides. The wearable boasts of a dominant market share but still an underperformer when compared to the iPhone product line. The Apple Watch still needs time to develop as a device as most users don’t perceive it as a must half and for a reason.
Apple TV prospects
Redesigning Apple TV mapped the most complicated year yet for Apple on the growing array of products and variations. The company believes the revamped streaming box has the potential to replicate the same amount of success as the iPhone. Banking on developers to build apps for the device is Apple’s main play as it looks to battle cable and streaming companies in the delivery of content.
It is still a farfetched dream that Apple TV has the potential to propel Apple to record levels as the iPhone did.
Apple Inc. (NASDAQ:AAPL) is slowly enhancing its efforts on the entertainment scenery as it strives to reduce its reliance on the iPhone product line. Acquired for $3 billion, Beats is spearheading the company’s efforts on the music business.
An initial three-month free trial saw 6.5 million transitions to paying subscribers. The service isn’t exclusive on iOS, but even so, it is unlikely it will replace the iPhone as Apple’s most important product. iPads and Mac computer are some of the other products that continue to generate a good amount of revenue for Apple Inc. (NASDAQ:AAPL).
Even with an impressive portfolio of consumer-geared products the iPhone remains the most important and liked product that Apple Inc. (NASDAQ:AAPL) has ever produced and the most important by far, which is why everyone is so glued to iPhone sales numbers.
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