High rates of Android to iPhone switchers is a catalyst for Apple stock

In its fiscal third quarter, Apple saw a record number of Android to iPhone switchers (really, they’re upgraders; big upgraders). These high switcher rates are fueling surging growth in the company’s installed base of active devices. On top of that, growing engagement levels in Apple’s installed user base means each Apple product user is becoming even more valuable.
The pro camera system on iPhone 13 Pro and iPhone 13 Pro Max features an all-new Ultra Wide camera with autofocus which enables macro photography natively on iPhone, a new Wide camera, and a new Telephoto camera with increased 3x optical zoom.
In its fiscal third-quarter earnings call, Apple reported 3% year-over-year growth in iPhone revenue.
Daniel Sparks for The Motley Fool:

If an iPhone buyer is an existing iPhone owner, the company’s installed base of active devices does not increase. But if the buyer comes from a different phone, the company adds another user to monetize across its App Store and other services. An iPhone buyer who is switching from another device, therefore, is arguably much more valuable than a repeat buyer.
Apple’s emphasis on growing its installed base is working across all of Apple’s product categories and geographies, with the company achieving all-time high installed bases across every one of these segments in fiscal Q3. Further, Apple said it saw “increased customer engagement” with its services during the quarter, showing that the value of each user in its installed base continues to increase.
A good example of this is the growth in paid subscriptions — including both third-party and native subscriptions — on its platform. Paid subscriptions across its user base were 860 million by the end of fiscal Q3, up by more than 160 million over the year-ago period. Further, Maestri said its “transacting accounts, paid accounts, and accounts with paid subscriptions all grew double digits year over year.”

MacDailyNews Take: As more and more people wake up, see iPhone’s superior resale values vs. pretend iPhones from South Korean dishwasher makers and worse, they want to invest their money in quality, instead of wasting it every time they saddle themselves with a fake iPhone. More and more people want to stop being PITA green bubbles and experience a real iPhone for themselves.
Importantly, there is a lot of headroom into which Apple can grow:
Mobile Operating System Market Share Worldwide (StatCounter, July 2022)
• Android – 71.85%
• iOS – 27.50%
In Q322 ended June 25th, Apple reported that every geography and product category hit a record level of active devices!
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