Apple has announced its financial results for the second quarter of 2017, and with revenue of over $52.9 billion, the tech giant is clearly doing just fine.
iPhone, however, is another matter, though there's no reason for Apple to worry just yet. Though Apple sold 50.8 million iPhones, which is in line with internal expectations, the figure is below the 52 million smartphones Wall Street expected the tech giant to sell in the quarter ending April 1.
Materially, iPhone sales were down 1% from the same quarter last year, when Apple sold 51.1 iPhones. Essentially, sales were flat year-on-year.
The drop in iPhone sales was far more dramatic at 35% from the previous quarter, though this isn't as shocking as it seems at first blush. The first quarter encompasses the holiday shopping season, when the newest iPhones are flying off store shelves.
More to come...
from TechRadar: Phone and communications news http://www.techradar.com/news/iphone-sales-are-flat-leading-up-to-the-iphone-8
No comments:
Post a Comment