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Apple roundup: Hedge funds, IDC data, China

  • David Einhorn took some Apple (AAPL -0.4%) profits in Q2: Greenlight Capital owned 9.4M Apple shares at the end of June, down from a split-adjusted 14M at the end of March.
  • On the other hand, Leon Cooperman's Omega Advisors bought 1.3M shares during the quarter; Cooperman had bailed out of Apple in Q3 of last year. Adjusted for the split, Carl Icahn's position is roughly steady at 52.8M shares.
  • IDC estimates the iPhone accounted for 11.7% of Q2 smartphone units, down from 13% a year ago. Android's (NASDAQ:GOOG) share rose to 84.7% from 79.6%, and industry shipments grew an estimated 25.3% (down slightly from Q1's 28.6%) to 301.3M.
  • At the same time, IDC notes over 80% of iPhone shipments ($561 Q2 ASP) involved a $400+ unsubsidized price, with the remainder in the $200-$400 range. Nearly 60% of Android shipments involved sub-$200 phones, with the remainder split almost evenly between $200-$400 and $400+ devices.
  • Following government pressure, China Mobile has cut its 2014 phone subsidy budget to $3.4B from a prior $5.5B. With the carrier having spent $2.5B on subsidies in 1H14, its fall iPhone 6 subsidies will likely be light.
  • Meanwhile, Apple has begun storing some of its iCloud data for Chinese users on local servers provided by China Telecom (CHA -0.3%). Apple insists the move, which comes amid ongoing NSA-related tensions, was partly made to improve local iCloud performance/reliability.
Comments (8)
  • techy46
    , contributor
    Comments (6023) | Send Message
     
    I can't wait for a US court to rule that Apple and Microsoft have to hand over data on Chinese customers that's stored on servers located in China. That's going to be the best confrontation we've seen in decades. China will tell the US to take a hike!
    15 Aug, 12:54 PM Reply Like
  • Hardog
    , contributor
    Comments (5321) | Send Message
     
    tech

     

    they sure will and US will back off.
    15 Aug, 01:40 PM Reply Like
  • Hardog
    , contributor
    Comments (5321) | Send Message
     
    tech u bet and US will back off
    15 Aug, 01:42 PM Reply Like
  • crazty4tennis
    , contributor
    Comments (538) | Send Message
     
    You're absolutely one thousand percent correct!
    19 Aug, 09:14 AM Reply Like
  • mdsnj
    , contributor
    Comments (136) | Send Message
     
    "IDC estimates the iPhone accounted for 11.7% of Q2 smartphone units, down from 13% a year ago. Android's share rose to 84.7% from 79.6%, and industry shipments grew an estimated 25.3% (down slightly from Q1's 28.6%) to 301.3M."
    This is THE LIE!
    Down 13% FABRICATION !
    Up 26%. FACT!!!!!!
    But you will delete this too, I'm sure
    15 Aug, 01:35 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (806) | Send Message
     
    The figures are accurate. IDC puts the iPhone's unit share at 11.7% in Q2 2014, and at 13% in Q2 2013. Industry shipments rose an estimated 25.3%, and iPhone shipments 12.7%. Here's the link:

     

    http://bit.ly/1oyYSSi
    15 Aug, 01:39 PM Reply Like
  • pocohonta
    , contributor
    Comments (570) | Send Message
     
    Cloud technology is not location-agnostic after all... At least not until cloud providers build up their worldwide infrastructure
    15 Aug, 02:13 PM Reply Like
  • crazty4tennis
    , contributor
    Comments (538) | Send Message
     
    China will begin, or has already begun, to build their own devices.
    19 Aug, 09:15 AM Reply Like
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