Apple says iPhones were down 15% last quarter, but everything else was up 19%

Close-up image of phones prominently displayed on a wooden table in a brightly lit, streetside store.

Enlarge / iPhones are seen at an Apple Store in Tianjin, China. (credit: Zhang Peng/LightRocket via Getty Images)

Apple today shared its fiscal first-quarter revenue with shareholders. As investors feared and as previously warned, Apple posted revenue of $ 84.3 billion for the quarter ending in December, missing revenue expectations in the quarter by around $ 4 billion.

CEO Tim Cook primarily credited macroeconomic conditions in China and their impact on iPhone sales in that region for the failure to meet expectations. That said, the company reported that every part of its business besides the iPhone was up year over year, as was overall revenue in the United States and Europe. The quarter was its second best ever in terms of revenue.

Investors were waiting for the report with bated breath after the company announced earlier this year that it expected to miss its revenue target for the quarter. Apple stock has taken a considerable tumble in recent months thanks to fears about smartphone market saturation, trade tensions between the United States and China, and other unfavorable market conditions in China.

Read 15 remaining paragraphs | Comments

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.