成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
Goodbye iPod, hello iPhone

Goodbye iPod, hello iPhone

2009年08月06日

????By Philip Elmer-DeWitt

????Apple passed an important milestone last quarter that nobody on Wall Street seems to have noticed: the iPod, once Apple’s (AAPL) No. 1 source of revenue, fell into third place after the Mac (No. 1) and the iPhone (No. 2).

????Think of Apple’s business model — as Steve Jobs often does — as a three-legged stool: Mac, iPod, iPhone. As recently as 2006, the iPod leg accounted for 55.5% of Apple’s revenue. By last quarter, its share had shrunk to less than 18%.

????But this is a good thing, argues Bullish Cross‘ Andy Zaky, a day trader and occasional blogger whose estimates of Apple’s earnings regularly beat — by a long shot — the estimates published by professional analysts.

????“Many Apple critics have argued that Apple would essentially fall off the earth because at some point in time the iPod’s growth would collapse,” says Zaky. “The second part is true. The iPod growth rate has in fact fallen off a cliff as Apple posted its first yearly drop in iPod sales ever in Q3.”

????“However,” he adds, “Apple is still firing on all cylinders thanks to the explosive growth of the iPhone.”

????To make his point, Zaky has prepared three charts that pretty much say it all.

????The first shows in percentage terms how much the iPod has contributed to Apple’s revenue stream since 2006 Q1. The spikes represent holiday sales seasons, when iPods are popular gifts, but the downward trend is clear.

????The second chart shows the rapid growth of iPhone revenue as reported quarterly using generally accepted accounting principles (GAAP). This caveat is necessary because Apple spreads revenue from iPhone sales over the life of a 2-year contract. If you use non-GAAP numbers, revenue from the iPhone last quarter was considerably higher: $2.9 billion, according to Apple CFO Peter Oppenheimer.

????Zaky’s third chart puts it all together. It shows the relative height of the three legs in terms of their contribution to Apple’s quarterly revenue. As you can see, the iPhone passed the iPod for the first time in 2009 Q3. The Mac, however, is still the largest and most important leg of Apple’s three-legged stool.

????Zaky predicted all this back in January in a long post that warned (incorrectly, as it turns out) of the “downfall of Apple,” in part because the iPhone appeared to be cannibalizing iPod sales.

????“The Phone itself has acted as a destructive double-edged sword regarding the appearance of Apple’s financial health. On the one hand, the handset market is significantly larger than that of the MP3 market. And so it makes a whole lot of sense for Apple to have entered that market… On the other hand, it would be incredibly naive for one to believe that iPhone sales aren’t cannibalizing iPod sales to some degree. While not everyone who is in the market for an iPhone is in the market for an MP3 player, iPhone purchasers who are in both markets have little need to own both an iPod and an iPhone.

????“The main problem with the iPhone cannibalizing iPod sales is that it makes iPod unit sales growth appear significantly weaker than it actually is. The iPhone is basically an iPod with a phone. One who decides to buy an iPhone over an iPod touch is essentially buying an iPod. Yet, analysts, traders and the media don’t portray it that way. Instead, the financial community tends to view any apparent weakness in iPod unit sales growth as being attributed exclusively to either market saturation or weakness in the consumer.

????“Yet, if one were to combine iPod and iPhone sales, he or she would get a drastically different picture regarding iPod unit growth…”

掃碼打開財富Plus App
亚洲国产天堂在线观看| 意大利性xxx在线观看| 少妇人妻系列1~100| 日韩 欧美 国产 另类A级| 久久中文无码日韩A∨| 日本午夜精品理论片A级APP发布| 亚洲国产精品成人AV无码久久综合网| 天堂久久久亚洲国产一区 | 亚洲国产精品成人精品无码区在线| 白丝美女被狂躁免费视频网站| 夜间老司机精品福利网站| 中文无码AV一区二区三区| 亚洲精品美女久久久久网站| 成全在线观看视频在线播放| 欧美性爱在线播放| 天天爱天天做天天添天天欢| 少妇爽到流白浆18P| 少妇粉嫩小泬喷水视频WWW| 麻豆导演中出人妻| 亚洲中文无码h在线观看| 国产无码免费视频在线| 亚洲乱码一区二区三区在线观看| 欧洲最大但人文艺术114| 无遮挡又粗又大又黄在线视频| 曰本女人牲交免费视频| 中文字幕一区二区在线不卡| 夫目前侵犯一区二区三区| 国内精品露脸在线视频播放 | 伊人久久综合精品无码AV专区| 亚洲AV日韩AV无码| 四虎最新转跳入口网址| 亚洲欧美日韩久久精品第一区| 精品国产乱码久久久久久蜜桃免费| 69综合精品国产二区无码| 国产VA免费精品高清在线观看| 无码无套少妇毛多18PXXXX| 91无码人妻精品一区二区蜜桃| 自拍偷自拍亚洲精品播放| 日本XXXX色视频在线观看免费不卡| 久久AV无码精品人妻糸列| 国产精品女同一区二区|