Tim Cook, Apple Inc. (NASDAQ:AAPL) Chief Executive Officer faced abusive criticism for controlling the operations of such a company that is supposed to be dead and has passed its boom period. Sometimes the smartphone franchise iPhone is seemed to be discharged, for not bringing up the rear and innovative brands, for instance Android and Samsung. So, here are the view point of Apple- haters.
After launching iPhone 5s and 5c the sales that is recorded is 9 million units within the first weekend. While considering this the Brand’s sales making a shift from the last four quarters of obscuration for such companies as Home Depot (HD), Microsoft (MSFT), Target (TGT), Goldman Sachs (GS), Amazon (AMZN), PepsiCo (PEP), Comcast (CMCSA), Dell (DELL), Google (GOOG), Pfizer (PFE), and UPS (UPS).
According to the Dow Jones industrial average iPhone annual revenue is $84.9 billion so it ranked between the Wells Fargo (WFC) whose annual revenue is ($90.5 billion) and Marathon Petroleum (MPC) whose annual revenue is ($84.9 billion).So iPhone is at 21 top position out of 30 component companies earning huge amount of revenue through their sales.Nearly iPhone would be the ninth biggest company in the Dow industries.
There are two main reasons for the sales of Apple Inc. (NASDAQ:AAPL) iPhones this weekend:
There are two iPhones which are new in the market for sale this weekend, as there were not any other so starters have these two options to buy. On the top is iPhone 5S and then the premium-economy iPhone 5C. Apple offered two models at a time while there was not any other so the customers gain more attention towards it and they made the more expensive model more attractive by adding the feature that they introduce innovation into their products by adopting the strategy that they make their products better than before.