AfterDawn: Tech news

Drop in iPhone sales hits Apple revenue

Written by James Delahunty @ 29 Jan 2019 5:32 User comments (1)

Drop in iPhone sales hits Apple revenue Lower sales of Apple's iPhone models in some regions of the world have hit the firm's financial performance, but it is bullish on future services revenue.
Apple revealed that its revenue from iPhone sales fell 15 percent in the most recent quarter, driving a 5 percent overall drop in the firm's revenue compared to a year earlier. Revenue in the quarter was $84.3 billion, which is around where Apple had cautioned investors it could end up.

"While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter's results demonstrate that the underlying strength of our business runs deep and wide," said Apple CEO Tim Cook.

Sales of Apple's iPhones were particularly lower in the greater China region, where overall sales dropped by more than 25 percent during the quarter compared to the previous year. Europe also saw a 3 percent drop in overall sales for the Cupertino giant.

While acknowledging the drop in hardware sales, Apple is very optimistic about its revenue in services. During the same quarter, its services revenue rose 19 percent to a firm record of $10.9 billion.



Source: BBC News

Tags: iPhone Apple
Previous Next  

1 user comment

130.1.2019 02:19

very nice post i am happy to read . hello sir ,
thanks for writing this article . this is very useful article for me .

Comments have been disabled for this article.

Latest news

Sideloading apps to Android gets easier, as Google settles its lawsuit Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09)
Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier.
4 user comments
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments

News archive