Apple has just announced its fiscal Q2 2018 financial results and it’s their best second quarter with an overall revenue increase of 16% compared to the same period a year ago. They have generated a quarterly revenue of US$61.1 billion and 62.2% of that is coming from the iPhone.
With price starting at USD$999 or RM5,149 in Malaysia, the iPhone X is the most expensive iPhone yet. In the last quarter, Apple had managed to sell slightly over 1 million more iPhones year on year and there were reports that most of these sales are coming from their older iPhone models that were offered at a discount.
The iPhone 8/8 Plus duo had gone on sale at the end of September, while the iPhone X only hit the market in the first week of November. Despite recent reports that the iPhone X isn’t doing well, Apple had recorded their highest revenue yet for their fiscal 2018 first quarter.
Xiaomi is having a good start this year and in their H1 2014 update, they have declared to have sold a total of 26.11 million phones between January – June 2014. This marks a 271% increase compared to H1 2013 and they appear to be on track to achieve its stretched goal of 60 million units by end of this year.
Xiaomi is currently one of the fastest growing smart phone brands and this is partly accelerated with its expansion outside China as it entered Singapore, Malaysia and most recently the Philippines. In 2012, Xiaomi had sold 7.19 million phones and they have doubled it to 18.7 million units in 2013. As for revenue, they registered 33 billion Chinese Yuan (about RM17 billion) in H1 2014 which is a 149% increase over the same period last year.
Other smart phone makers should be worrying about Xiaomi’s growth. According to Garner’s total 2013 smart phone sales, Samsung had sold close to 300 million smart phones followed by Apple at 150 million and Huawei at 46.6 million units. To put things in perspective, Xiaomi has sold 15% more phones in the last 6 months than HTC did for the entire 2013. For 2015, Xiaomi is targeting to sell a whopping 100 million units.
In Malaysia, Xiaomi has gotten all segments covered with its Redmi 1S, Redmi Note and Mi 3 smart phones. While they are selling in limited numbers on a weekly basis, their competitive pricing has no doubt caused some disruption in the local mobile scene. Not bad for a 4 year old company with its unique approach of selling direct to its customers.