Apple’s iPhone sales fall 17% in first quarter as flagship product struggles

May 3, 2019

Quarter marked another quarterly decline in profit and revenue as the company struggled to move beyond the iPhone Apples iPhone sales fell 17% in the first three months of the year as the companys flagship product continued to struggle. The tech company reported revenues of $31.05bn in iPhone revenues for the quarter, the majority of the $58.bn in revenues Apple brought in over the three months. The news was less…

Read More >>

Yep, iPhone revenue is down

January 30, 2019

Apple’s Q1 earnings are in, and things don’t look too rosy for the iPhone. Revenue for the handset has declined 15 percent year over year for the quarter. It’s a pretty hefty drop for a device that’s been flying high for so long, but you can’t say Apple didn’t warn us. Earlier this month, Tim Cook noted that the company was lowering its guidance, thanks in no small part to…

Read More >>

Apple Beats Sales Estimates; Shares Rise

May 2, 2018

Revenue grows the most since 2015; sales of wearables jump IPhone sales meet projections; Apple sees more revenue gains Apple Inc. reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, its most-important product. The Cupertino, California-based company also raised its dividend, unveiled a new $100 billion share buyback and climbed following the results. Apple revenue rose 16 percent to…

Read More >>