Apple’s (AAPL) Refreshed iPhone Lineup Stalls Android Sales

 

Brisk sales of Apple’s (AAPL) iPhone 5 and older model iPhones have taken the wind out of rival handsets running Google's (GOOG) Android operating system, Investor’s Business Daily reported.

In September, several smartphone vendors aggressively discounted their high-end flagship Android devices to mid- and low-tier pricing, but results were disappointing. One Android product continues to sell well, Samsung’s Galaxy S3 smartphone, but inventories are rising faster than sales.

As for Apple, the company is supply constrained for its new iPhone 5. But lower prices for its legacy iPhone products could prove to be a significant driver of sales.

One factor helping Apple sales is the brand’s strength among young people. Surveys indicate that 40% of teens own an iPhone, up from 34% in the spring and 23% a year ago. Plus, 62% of teens plan to make an iPhone their next smartphone, compared with just 22% looking to buy an Android phone.

AAPL is a Cabot Benjamin Graham Value Letter stock.

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Stock Picks

Ross Stores

McKesson (MCK) distributes ethical and proprietary drugs, surgical supplies and health and beauty products throughout North America to the healthcare industry. The company also provides technical consulting services to biotech and pharmaceutical manufacturers.

Carnival Cruise Lines

Having just returned from vacation, Tim Lutts is thinking of the millions of baby-boomers who are spending more and more money on leisure travel, particularly on cruises, an industry that is dominated by a few big players.

China Biologic Products

Paul Goodwin advises putting this stock on your watch list.

Cabot Wealth Advisory

Sell Apple

By Timothy Lutts on July 27, 2015

Today, I’m writing on a MacBook Pro. This morning I did my morning crossword puzzle on my iPad. All day long, my iPhone is by my side. My home Wi-Fi comes from Apple AirPorts. And some nights, I stream entertainment through my Apple TV. In short, I love Apple products, and I expect to continue using them for many more years. But one of the most important market truisms is this: “The company is not the stock.”Read More >

Sunny Days

By Paul Goodwin on July 24, 2015

Every year, usually on a Thursday in July, most of the Cabot crew gathers in Salem, jumps into cars and heads north. With bathroom breaks and a stop to purchase refreshing beverages (ahem), the group drives through New Hampshire’s tiny seacoast neck and winds up in Kittery, Maine, at the Chauncey Creek Lobster Pound. There, lobsters, baked beans, coleslaw, steamers, mussels and (importantly) chips are consumed and the store of tissue-restoring beverages is significantly reduced.Read More >

What Will Rising Interest Rates Really Mean for the Stock Market

By Chloe Lutts Jensen on July 23, 2015

Long before Greece and China started making the largest headlines every day, investors everywhere thought rising interest rates would cause the next big market decline. (As my father always says, trouble comes from where you least expect it.) Now that Greece has secured a respite from its lenders, interest rates are moving back to the top of investors’ list of things to worry about—especially since Janet Yellen just reiterated last week that the Fed expects to begin raising rates by the end of the year.Read More >