The iPhone Is Stale and Apple’s Tax Deal with Ireland Under Attack

News out of KGI’s Kuo suggests iPhone SE sales were abysmal on opening weekend:

According to Mac Rumors, KGI Securities’ analyst Ming-Chi Kuo commented in a
research note that iPhone SE sales “has been significantly lower than that of past new models” since its launch on March 31. The analyst cited the poor sales to poor demand for smaller-size smartphones and the fact that the iPhone SE offers no significant upgrades from prior models.
“We believe this is due in part to lackluster demand for smaller-size smartphones and, more importantly, that the product itself offers no significant upgrades to form factor or hardware specs,” Kuo added.

It has been disappointing, watching Samsung innovate their hardware, while being pigeonholed into the Apple ecosystem.

Meanwhile the EU is hard at work scrutinizing the agreement Apple hashed out with the beer guzzlers in Ireland.

Reuters is reporting the EU probe into the Apple tax deal with Irish Authorities is expected to take longer than expected amid ‘Large amount of material involved’.

Ireland is making a name for itself due to the sweet tax breaks they are offering tech giants like Amazon, PayPal, Google, Facebook, etc.  When it comes to cash hoards, everyone wants to claw off a piece of it, which is exactly what the European Union, a failing institution, wants to achieve.  They want some of that sweet tech money landing on the green slopes of Ireland.

None of this bodes well for the mature tech giant.  They are losing momentum while regulators find ways to go after that cash stash.  Not good!

 

 

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