It has only been a few days since the Apple iPhone 5’s replacement 5c came out and now looking at the first quarter financials of Apple shows that some people might have been right in their assumptions that the 5c wouldn’t end up doing so well for Apple after all. The Q1 report shows that the sales figure of iPhone 5c is not so impressive and this wasn’t something that Apple was looking out for. Despite of these facts, the CEO is still very positive and has an optimistic view regarding the performance of iPhone 5c.
He rather puts it this way that the phone was certainly quite different and it may take time for people to digest the new looks which are not in line with the signature Apple appearance on every phone. Even though there was excellent response from customers on the Black Friday sales day, the 5c still hasn’t managed to gain a market share larger than that of the predecessor 4S. In such circumstances the CEO surely has some explaining to do and according to him, there was nothing wrong with the 5c.
According to a view put forward by the CEO Tim Cook, the 5s model was a star with its Touch ID and many other significant features and that just might be the reason why people were not attracted to the 5c. All in all, Apple is surely not a sweetheart for investors at this point and the company stocks go down by 6.70%.