Apple Inc. (NASDAQ:AAPL) came out with its second quarter results on July 22, in which it reported to have sold 35.2 million iPhones, up 13% year-over-year, while only 13.3 million iPads were sold in the same period, down 9% year-over-year.
With iPhone 6 launch date approaching fast, Wall Street Journal reporters Joanna Stern and Doug MacMillan were seen discussing the phone and the outlook for Apple Inc. (NASDAQ:AAPL) on Fox Business News program, ‘Silicon Alley’. Mr. McMillan considers iPhone to be the major growth driver for Apple Inc. (NASDAQ:AAPL) in the ‘post-PC’ era instead of the iPad which, according to him a lot of people thought would be the device on which the company would rely upon for its growth. Ms. Stern feels that China would be a major growth trajectory for Apple Inc. (NASDAQ:AAPL).
“To talk about what Doug was talking about with the iPad sales, I think that bigger screen iPhone that’s been rumored is going to be the perfect blend for some people who are looking for that phone-tablet experience. So even if Apple is betting that the phone outpaces the tablets as we are seeing, really to them they are seeing people have got Apple device in their hand,” Stern said.
The discussion progressed to the rumored watch from Apple Inc. (NASDAQ:AAPL), which people are calling the ‘iWatch‘ or ‘iTime.’ Stern said that she is bullish and excited about this category as according to her everything comes down to the screen size and with the launch of the rumored ‘iWatch,’ Apple Inc. (NASDAQ:AAPL) will have all kinds of screen sizes that a customer could prefer.
Macmillan feels that after being the largest company, Apple Inc. (NASDAQ:AAPL) investors has a lot of expectations from it when it comes to innovating or launching a new product and in Tim Cook’s tenure as Apple Inc. (NASDAQ:AAPL)’s CEO that hasn’t happened yet.
“A lot of expectations are being built up for perhaps this smart watch, perhaps this kind of phablet device. It’s going to be very difficult for Apple to meet that expectation,” MacMillan said.