iPhone 5 NASDAQ: AAPL users have recorded a massive increase in iPhone 5 Profits a midst huge pessimism on the downfall of the iPhone 5 brand as a whole. With Apple Inc losing the subsidized contributions towards Telecommunications contracts, many were calling for the biggest downfall of Apple Inc profits since the company first started. However, contrary to popular belief the iPhone 5 is out performing it’s rivals ten fold.
Even though many rivals had informed that iPhone 5 sales were the ‘worst on record in the February month’ it seems that the claims have come as a misguided judgement and one that is very far from the truth all together.
With Hon Hai posting quarterly profits that stunned even leading analysts who only weeks ago were calling for the demise of the iPhone 5 NASDAQ: AAPL.
Hon Hoi reporting quarterly increase of net income by 5.6 percent to $1.2 Billion. This is mainly down to the manufacturer improving manufacturing issues that the iPhone 5 NASDAQ: AAPL had experienced when it was first released.
Rumors of the new Apple iPhone 6 with built in projector is also showing a huge increase of interest, with the iPhone 6 including a 3D projector that is attached to the iPhone 6.
It remains to be seen what the long term affects of the decreased subsidization on all iPhone or Apple Inc related products has on profits and as the likes of Samsung slowly increase their market share, consumers could be the main ones to benefit as Apple Inc products have never been one for compromising price for quality, but for the survival of any company you have to change with the times, We wonder if Apple Inc see this and act accordingly.
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