Smartphone Market Is Stalled and Declining, Says TECHnalysis's O'Donnell

The transcript discusses Apple's unexpected revenue forecast drop, primarily due to challenges in the Chinese market and competition from local brands like Huawei. It highlights Apple's need to diversify beyond hardware, focusing on services as a new revenue stream. The company faces challenges with future hardware innovations, such as 5G and foldable phones, which may impact its market position.

What was one of the main reasons for Apple's lowered revenue forecast?

• Increased production costs

• Competition from Chinese brands

• High employee turnover

• Lack of innovation in software

What strategy has Apple been focusing on to counteract its reliance on hardware?

• Reducing the price of its products

• Acquiring smaller tech companies

• Expanding into new geographical markets

• Increasing its services revenue

When did Apple start emphasizing its services revenue in its quarterly calls?

• Two years ago

• Six years ago

• Three years ago

• Four or five years ago

Which upcoming technology is Apple expected to be behind on in 2019?

• Augmented Reality

• 5G technology

• Artificial Intelligence

• Blockchain

What is one of the challenges Apple faces in the hardware market?

• Overproduction of devices

• Lack of a foldable phone

• Decline in online sales

• Excessive marketing expenses