Highlights
* Apple’s revenues are projected to create a record high in 2024,passing the $400-billion mark.
* The growth will be because of both hardware (3% YoY) and services (14% YoY).
* In 2025, the revenue from services is projected to be more than the revenue from hardware excluding iPhones.
Latest market intelligence report today anticipated that the iPhone 16 launch will make Apple’s revenue reach a record of $400B this year.
Counterpoint research predicts that Apple’s key hardware products should grow this year.
The growth will be because of both hardware and services.
After a fall in 2023 Apple’s hardware revenues are projected to grow 3% YoY in 2024.
All the main hardware segments – iPhone, iPad, Mac, Watch, AirPods – are projected to effect this growth supported by new launches.
AirPods could be the fastest-growing segment in 2024.The growth in hardware is projected to continue in 2025 too.
An earlier report by counterpoint research suggests that services revenue will continue to grow and reach record levels in 2025, crossing the $100-billion mark for the first time.
Commenting on the hardware revenue growth, Counterpoint Research Director Tarun Pathak said, “In terms of growth rates, and now with the advent of Apple Intelligence, the services segment does seem very exciting. It is poised to grow at a much faster rate than hardware. However, in terms of absolute revenue growth, hardware remains critical in pushing the needle considering it contributes to three-fourths of Apple’s global revenues. After a decline in 2023, 2024 will see growth in several key hardware categories driven by multiple launches. Then there is also a promise of Apple Intelligence being implemented across hardware segments, which has once again created some excitement and could drive upgrades.”
Commenting on the services revenue growth, Counterpoint Research Senior Analyst Varun Mishra said, “Services will continue to grow much faster than hardware. In 2025, the revenue from services is likely to become larger than that for hardware excluding iPhones. Apple will also look to monetize Apple Intelligence. However, it will take time, considering the launch of features across regions would be staggered and Apple will also wait to understand which services should be monetized within Apple Intelligence. Apple Intelligence could boost the services revenue by at least 10%-15% in coming years depending on how Apple chooses to monetize.”
iPhone 16 Series – Key Features To Expect?
* All iPhone 16 models will be equipped with the new A18 Pro chip.
* iPhone 16 and iPhone 16 Plus will retain their existing screen sizes.
* iPhone 16 Pro and iPhone 16 Pro Max will feature larger displays, 6.3 inches and Pro 6.9 inches respectively.
* A new dedicated “Capture Button” is expected.
* Advanced Apple Intelligence capabilities are expected.
* Enhanced machine learning
* AI-driven features are expected.
* The iPhone 16 series is rumoured to have substantial camera upgrades.
* Camera features include better low-light performance, improved optical zoom, and enhanced image stabilization, offering superior photo and video quality.
* Pro and Pro Max to introduce new colours, including a distinctive bronze-like shade, likely to be named ‘Desert Titanium.’
* Pro models are expected to come in white, black, gold, and grey.
Faqs
Q1. What’s the difference between iPhone 16 in Europe and iPhone 16 in the US?
Answer. iPhone 16 users in Europe will get more control over their devices, although they won’t be getting access to Apple’s latest AI-powered features.
On the contrary, the US iPhone 16 users will benefit from the full capabilities of Apple Intelligence.
Though in the US iPhone users won’t have the same level of customization available.
Q2. When is the iPhone 16 series coming out?
Answer. The iPhone 16 series is all set to be launched in September 2024, with Apple announcing the final date of September 9.
Q3. What models will be included in the iPhone 16 series?
Answer. The iPhone 16 series will likely include four models: iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
However, all four iPhones will have different versions released in both the EU and the US.
Q4. What are the new Color’s coming to iPhone 16 on the September Apple event ?
Answer. Apple’s color lineup for the iPhone 16 and 16 Plus looks significantly bolder than last year’s options.
The image above features dummy units from Sonny Dickson.
Yellow is being replaced by white, but the other core colors all stay the same—though with greater saturation this year.
Black
Blue
Green
Pink
White
Q5. Is A18 chip supercharged for Apple Intelligence ?
Answer. The iPhone 16 and 16 Plus, which will gain the new A18 chip. The shift this year is expected to be driven by the high demands of Apple Intelligence.
There are so many advantages to everyday tasks that stand to benefit from a new chip.
New chips bring efficiency improvements which could cause battery benefits.
Q6. What is iPhone 16 release date ?
Answer. Apple is expected to follow its typical schedule for the iPhone 16 and iPhone 16 Plus.
The iPhones will be introduced at the September 9 event.
Pre-orders should go live at the end of that week, on Friday, September 13.
The new iPhones should then arrive in users’ hands and retail stores one week later, on Friday, September 20.
Q7. What are the new apple intelligence features on the IPhone 16?
Answer. Apple Intelligence support on the iPhone 16 and 16 Plus will also enable the following features:
* AI writing tools for proofreading, rewriting, and more
* Genmoji and other image generation tools
* Notification summaries and priority notifications
* Photos features like Memory movie creation and clean-up
* System-wide ChatGPT writing assistance
* Apple Mail Priority messages
* Smart reply suggestions
* Recording and Safari webpage summaries
Q8. Are the displays not changing on the iPhone 16?
Answer. The iPhone 16 will feature a 6.1-inch display and the 16 Plus a 6.7-inch, just like last year’s models.
Q9. How is the camera redesigned on the iPhone 16?
The rear camera system on the iPhone 16 will still have Main and Ultra Wide cameras. This year, they’ll be repositioned to be stacked directly on top of each other. Previous models have featured camera lenses in a diagonal layout.
Another the camera bump will be more narrow.
The actual camera hardware isn’t expected to change much this year.
Also Read: iPhone 16 Series Reported To Feature Tetraprism Camera Technology
Also Read: Apple Shares Dip Amid Concerns Over iPhone 16 Demand and Market Outlook
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