Apple Officially Bankrupt? Here Is The Explanation

Apple Officially Bankrupt? Here Is The Explanation - Have you heard various rumors saying that the iPhone is experiencing sluggish sales? Are you curious about this news hoax?

For you loyal followers of the latest technology news, you should know that Apple is experiencing a decline in sales performance. There are many factors that cause Apple is not as rich as in previous years. Some of these factors influence Apple's sales. If you want to know more about what caused Apple to lose its title at the beginning of 2019, here is the full discussion!

4 Real Reasons Why Apple Decreases iPhone Prices?

Reporting from Forbes at the end of 2018, Apple shares fell by 27% since October 2018. While Apple's profits from iPhone products, fell 15% in the latest financial quarter.

Overall, the company's revenue fell 5% from last year to around 84.3 billion US dollars or around Rp 1,183.97 trillion. So, what factors cause this to happen?

1. Trade War with China

Not only China, but neighboring countries such as Hong Kong and Taiwan saw sales decline by more than 25%. In fact, China and its neighboring countries are one of the sources of Apple's money in terms of iPhone sales.

2. The price of the iPhone is too expensive

I think this is the most reasonable thing why the iPhone is no longer favored by many people. Maybe, there are some iPhone technologies that are very exclusive and don't exist on Android.

However, the price of the iPhone is already high compared to competitors in its class. iPhone Xs Max with the highest version, can reach 28-30 million rupiah for one unit only.

In fact, the price of this latest iPhone is beyond the ability of someone to buy a gadget. Apple has even confirmed it will cut iPhone prices between 15% and 22% for each of their latest iPhone products (iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, iPhone XS Max).

3. Apple Does Not Achieve Sales Targets

According to CNBC International, Apple lowered its revenue guidelines from previously estimated at around US $ 89 - 93 billion to US $ 84 billion (Rp. 1,210 trillion). Apple also reduced its gross margin to around 38% from 38% - 38.5%.

Maybe to say that Apple as the largest technology company in the world is now bankrupt, is a big alias for HOAX news.

Apple itself is not shy to disclose this to the public. Tim Cook as the CEO of the world's best technology company is gentle and promises to try to increase revenue and profits for Apple in various ways.

4. Focus on Selling New Products

Apple is currently focusing on selling its newest products just like the iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, Max XS iPhone only. This actually happens and is indeed part of the sales strategy.