Analyst CIRP Claims that Apple's iPhone 11 line-up accounted for 69% of iPhones sold in the US during the Holiday Quarter
Today a report by the Consumer Intelligence Research Partners (CIRP), provided analysis of the results from its research on Apple, Inc. for the fiscal quarter that ended December 28, 2019.
CIRP finds that the new iPhone 11 and 11 Pro/Pro Max models accounted for 69% of US iPhone sales during the quarter ending December 2019. iPhone 11 alone accounted for 39% of US iPhone sales during the quarter (Chart 1).
Josh Lowitz, CIRP Partner and Co-Founder: "The latest iPhone models represent over two-thirds of sales in the quarter. And, iPhone 11 accounted for over half of that share, with 39% of total sales. It’s now the leading model in the product line.
At the same time, iPhone 11 Pro and Pro Max each grabbed meaningful share, both at 15%. The iPhone XR, released in 2018, ushered in a new size profile, and remains popular at its reduced price.
A year ago, iPhone XR dominated the quarter like iPhone 11 this year. The then-new iPhone XS and XS Max had a somewhat smaller combined share compared to the iPhone 11 Pro and 11 Pro Max in the most recent quarter."
CIRP estimates the weighted average retail price for iPhones in the US (US-WARP) at $809, up from $783 in the September 2019 quarter and off the peak of $839 in the December 2018 quarter (Chart 2).
Mike Levin, CIRP Partner and Co-Founder: "US-WARP reversed a downward trend during 2019. We use it as a proxy for Average Selling Price, which Apple no longer discloses.
The higher prices for iPhone 11 Pro and 11 Pro Max certainly help, offset by the lower price of iPhone 11 relative to the comparable iPhone XR last year. In addition, the trend to increased storage capacity has slowed. Two-thirds of iPhone 11 Pro and 11 Pro Max customers purchased increased storage capacity beyond the base 64 gigabyte configuration, while under half of buyers of all other models purchased increased capacity.
A year ago, and in previous December quarters, over half of buyers of almost all models purchased increased storage capacity."