There are two aspects to the answer.
- Due to a global pandemic, Apple could not get deliveries scheduled as expected.
- Apple is no more limited to selling Mac computers or iPhones anymore. Apple’s product portfolio has expanded significantly. Which includes,
|Hardware business||Software/Service subscription business|
– Apple Watch
– Apple TV
– Apple Music
– Apple Arcade
– Apple TV
– Apple Fitness
Until 2019, Apple launched all products together, in September before Christmas and the new year. That used to give good sales for Apple products. But the iPhone is a showstopper of the event other products do not get enough attention.
By splitting the events, Apple did justice to its product line. Going ahead, it may remain the same. Below are statistics about revenue Apple generates from different products. (as of 3rd quarter 2020)
|Wearables, home, and accessories||10.81%|
As seen, the ‘iPhone’ brings the major part of Apple’s revenue, but it has decreased from 60.9% to 44.26% from Q1 to Q3 of the year 2020 respectively. Whereas wearables, home, and accessories businesses have seen a 1% raise, their service business has significantly risen from 13.85% to 22.04% and increasing more than $50 billion a year of revenue.
Going ahead, the potential for significant change in the mobile phone hardware industry is far less. Therefore, Apple and other industry leaders are diversifying their business lines that deserve their identity. These and several other reasons Apple did not launch the iPhone, but we could expect it to launch in early October of 2020.
But for now, let us look at what Apple launched in the ‘Time Flies’ event.
What Apple launched at the “Time Flies” event?
1. Apple Watch Series 6 – comes with blood oxygen or SpO2 monitor along with ECG, heart rate, and other sensors.
2. Apple Watch SE – Consider affordable Apple Watch SE as an upgrade to the Apple Watch 3, in terms of design and hardware. But it misses out on crucial features that are there on Apple Watch 4 and 5.
It does not come with an ECG or SpO2 monitor but has the fall detection feature like previous Apple Watch models.
3. iPad – Talking about the new iPads, Apple has launched the new eight-generation iPad, featuring the A12 Bionic chip that brings the Neural Engine to the entry iPad for the first time. It costs $329 in the US and features a 10.2-inch Retina display and the new iPadOS14.
Apple claims 40% faster CPU performance and twice the graphics capability on the iPad.
2x faster than top-selling Windows laptop, 3x faster than top-selling Android Tablet, and up to 6x faster than top-selling Chromebook.
4. iPad Air – All-screen design featuring 10.9inch Liquid Retina display, new 12MP rear camera, A14 Bionic chip, iPadOS14
5. Apple One – Bundled plan of Apple’s subscription services, including Apple Music, Apple TV+, Apple Arcade, and 50GB of iCloud storage. The family plan includes 200GB of iCloud storage shared among six family members. $14.95 per month
6. Apple Fitness+ – It provides users with 10 different workout types. Every week new workouts are added. It provides intelligent suggestions also is integrated with Apple Music. This service starts at $9.99 per month. In this pandemic, Apple is trying to attract entire families and providing Apple Card financing for its product and services.