Apple Sales Are Up, Even With Lower iPhone Revenue

Posted by at 4:38 pm on July 30, 2019

Apple posted a small gain in sales for the third quarter of the year.

For first time since 2012, iPhone sales represent less than half of company’s overall sales.

While iPhone sales dipped, the company made up the difference in sales of services and software.

Sales rose 1% to $53.8bn, while net profit dropped 13% to $10bn. The company stemmed some of its drop in sales to China.

The results beat Wall Street estimates and shares gained over 3% in after-hours trading.

In China, sales fell 4% to $9.16bn, after a drop of 22% in the second quarter. Exchange rates have made the iPhone expensive for Chinese customers.

Apple forecast sales of between $61bn and $64bn for the final three months of its financial year.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2024 · StreetCorner Media , LLC· All Rights Reserved ·