Apple Stock News: iPhone Projections Bullish
Recent estimates have Apple receiving 92% of all profits among the top eight smartphone makers in the mobile smartphone market during the first quarter. This is according to Canaccord Genuity managing director Mike Walkley, and is up from 65% last year due to the overwhelming success of the iPhone 6. Its share of profits is incredible considering it sells less than 20% of all smartphone units, highlighting the company’s ability to command higher prices for its superior products. Now, it appears that Apple believes it will continue to sell its iPhones at a breakneck pace.