The stock of Apple Inc (NASDAQ:AAPL) closed at $164.00 gaining 0.40% in yesterday’s trading session. Though Apple’s iPhones may come behind a number of the Android devices in terms of market share, it will most probably be raking in about $180 billion from its smartphones alone by 2021.
At this particular moment, the company has about a 15% share on the competitive smartphone market. Android makes up the most of the rest and intelligence firm IDC projects that this trend will be continuing over quite a long period of time.
Apples seems dedicated to unveiling top-end offerings, one of them being the tenth-anniversary iPhone. The company’s higher price point might help it bring in quite a disproportionate amount of money.
IDC has given its prediction outlining that Apple will soon be commanding 36% of the device market value, the money channeled to smartphones, resulting to the $180 billion estimate. This number excludes the amount it could generate off services related to devices like the App Store.
IDC refers to the rumored Apple’s iPhone as an “ultra-premium device” .This device will have a price tag of $1,000 attached to it thus eventually making it the provider’s most expensive gadget to date. That will do pretty much towards pushing the over average selling price of smartphone to rise by almost 7% according to predictions made by IDC.
The research manager at IDC, Anthony Scarsella opined, “By 2021, phablets will control slightly over 51% of the market, proving that bigger is most often better to most consumers. Still, Apple is expected to largely remain in second place to Android devices, which are expected to have 85.5% market share in terms of phone shipments by 2021.”
Program vice president for IDC’s Worldwide Quarterly Mobile Device Trackers, Ryan Reith said that there was a big inflection point. A lot of people will have their eyes fixed to that particular moment when the smartphone market will experience its first year-over year decline. At the moment, a large number of manufacturers seem quite far from that fear since a lot of people continue to replace their devices every two years.