28th September 2020

iPhone Sales Break New Ground

iPhone

The release of the new models from September led to record breaking iPhone sales for Apple. While international sales accounted for 63 percent of the quarter’s revenue, Apple reported revenues of USD 57.6 billion for its fiscal first quarter to December, up from USD 54.5 billion a year earlier. This means that the market penetration for Apple iPhones in Zambia should have consequently increased. The table below highlights the availability of the smartphone among the three major telecoms which are, Airtel Zambia, MTN Zambia and Zamtel.

Airtel MTN Zamtel
iPhone Out of stock in Stock in Stock
Price n/a K8,300 K4,999
Promo n/a 500MB, free NANO SIM n/a

Thanks to the comprehensive MTN Zambia website we were able to readily get this information. However, phone calls to the three telecoms retailers proved futile as they went unanswered. We only managed to get a bit of feedback via Facebook from Airtel Zambia and Zamtel with one reply each. Further queries were not responded to. However, when I called Apple, I got connected! It’s no surprise they’ve got such die-hard fans.

Nonetheless, let’s just say that Apple shareholders are very lucky individuals. The company generated USD 27.7 billion in operating cash flow in the quarter and paid USD 7.7 billion to shareholders in dividend and share repurchases. Apple will pay another quarterly dividend of USD 3.05 per share in February.  The company hit a new quarterly record with 51 million iPhones shipped, up from 47.8 million in the year-ago quarter.

Image credit: thedrum.com