Apple Inc.

Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The company's products include: iPhone; Mac; iPad; and wearables, home and accessories, which includes AirPods?, Apple TV?, Apple Watch?, Beats? products, HomePod?, iPod touch? and other Apple-branded and third-party accessories. The company's services include: digital content stores and streaming services; AppleCare, which includes AppleCare + (AC+) and the AppleCare Protection Plan; iCloud, which is the company's cloud service; licensing; and other services, which include Apple Arcade?, Apple Card?, Apple News+, and Apple Pay, a cashless payment service.
  • TickerAAPL
  • ISINUS0378331005
  • ExchangeNASDAQ Stock Market
  • SectorTechnology Hardware & Equipment
  • CountryUnited States
Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Are there over 450m iPhone more than 3 years old out there? Can...

We have seen a number of reports claiming that there are over 450m iPhones more than 3 years old in the installed base, and that this will support strong replacement dynamics in FY22. In the piece we publish today, we leverage our unique modelling of the iPhone installed base, which differentiate first-hand from second-hand users, to show that these older iPhones exist indeed, but are very unlikely to support demand for the iPhone 13, as they are mostly second-hand phones. In recent years, Apple has increased trade-in programs and accelerated replacement cycles amongst first-hand users, and t...

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple: Can carrier subsidies save the iPhone 13 cycle?

We received yesterday numerous investor questions about how the subsidies of US carriers could affect our thesis about the upcoming iPhone cycle. We provide in this short note a simple framework to understand the potential impact of these promotions and our perspective.

Pierre FerraguÊ
  • Pierre FerraguÊ
AAPL APPLE INC. (Technology)

Apple just launched iPhone 13. Our quick take.

Dear all, Apple just hosted its September event, introducing iPhone 13 amongst other updates to its products and services. For a summary of what was announced, and our take, click on the link below. Apple just launched iPhone 13. Our quick take. Pierre.

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