Similar Stories to After A Record Quarter, What Does Apple Do Next? on Bing News

Apple CEO Tim Cook says consumer demand for new iPhones has been “staggering” and “hard to comprehend.” While several analysts have raised their estimates for Apple, some worry that the company depends too much on the iPhone, which contributes two-thirds of its sizable revenue — leaving Apple vulnerable if another gadget comes along to replace the iPhone in popularity. BGC Partners analyst Colin Gillis says he doesn’t expect that the program will make a material contribution to Apple’s revenue in the near future. The company increased its share of the personal computer market at a time when overall PC sales were declining. [...] Maestri said, surveys show consumers love iPads for Web-browsing and shopping, and he said new apps produced in partnership with IBM will increase business uses for the devices. Apple says iPhone sales doubled in China, Brazil and Singapore in the last quarter, despite aggressive competition from South Korea’s Samsung and the Chinese companies Huawei and Xiaomi. Cook also boasted the company saw record rates of first-time iPhone buyers and former owners of Android phones who are switching to Apple devices, although he didn’t provide specifics. [...] he added, as Apple keeps setting records, “it’s certainly going to be more difficult for them to continue to beat expectations.”