The tech realm witnessed a whirlwind of events this week, with a particular spotlight on the strategic maneuvers of Apple Inc. AAPL. From the surprising shift towards older iPhone models among Android converts to enticing discounts on iPhone 15 in China, the Cupertino giant made waves. Below is a recap of the key stories from the recent days.
Android Users Lean Towards Classic iPhone Models
A recent study by Consumer Intelligence Research Partners (CIRP) revealed an intriguing trend: a sizable chunk of Android users transitioning to iPhones are opting for older editions. This segment, accounting for 10-15% of all iPhone purchasers, seems to prioritize value over the latest tech trends.
Influence of Flip Design on Steve Jobs’ Initial iPhone Vision
Tech luminary Steve Jobs initially envisaged the iPhone mirroring Samsung’s flip phone, a revelation from an internal email during the Apple vs. Samsung legal battle. Despite this, the iPhone launched with a groundbreaking design that revolutionized the smartphone industry.
iPhone 15 Receives Substantial Price Cut in China
Resellers in China are slashing prices on Apple’s iPhone 15 series, indicating a sustained decline in demand. Discounts of up to 1,300 yuan ($180) off the original price can be spotted on Alibaba Group Holding Ltd. BABA‘s Tmall, representing a more significant drop compared to the previous year. Similar discounts are also available on JD.com Inc.’s platform.
Gene Munster’s Proposal for Apple’s Expansion
Gene Munster of Deepwater Asset Management floated the idea of Apple acquiring Rivian Automotive to fill the void post the cancellation of the Apple Car project. Munster believes that Apple, as a tech entity, needs to expand, with venturing into prominent markets potentially holding the key.
Apple’s Stance on AI Transparency
During Apple’s annual shareholder gathering, the board advised against supporting a shareholder proposal advocating for transparency in AI usage. This counsel extends across all five shareholder propositions encompassing AI transparency, gender pay gaps, privacy, and human rights.