For the first time, there were more than 1 billion subscribers to its various offerings, Apple said, pushing up services revenue by 8.2 per cent. ![]() That is despite overall company revenue being higher than expected due to Apple’s booming services segment - the part of its business that covers subscriptions such as Apple TV+ and Apple Music. Shares of Apple closed down 4.8 per cent on Friday, dragging Apple’s stock market value below the coveted US$3 trillion level it reached at the end of June. Chief financial officer Luca Maestri said device sales in the current quarter weren’t looking too hot, either, blaming foreign currency headwinds and supply chain disruptions.Īnother drop in revenue in the July to September quarter would mean the worst run of revenue declines for Apple in two decades. ![]() ![]() If Apple wants to turn that around, bucking an industry-wide slump, the next iteration of its most popular product needs to be a return to the days when owning the latest iPhone felt like a major upgrade.įor the April to June period, iPhone sales of US$39.7 billion - a 2.4 per cent drop versus the same period last year - came in below analysts’ expectations, as did the iPad, down 20 per cent year-on-year and the Mac line, down 7.3 per cent. SAN FRANCISCO: Apple’s third straight quarter of declining revenue is a symptom of the fact that while people love to use the company’s iPhones, they are these days feeling less pressed to buy a new one.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |