Apple Sees Revenue And Profit Fall
Apple Sees revenue and Profit fall in the second Quarter. Apple’s revenue and profit fell in the second quarter compared to a year earlier.
The quarterly turnover amounted to 58 billion dollars, a decrease of 5.1 percent compared to the same quarter last year.
In the initial three months of this year, Apple posted a net profit of more than 11.5 billion dollars.
That is 2.3 billion dollars less than in the same quarter last year.
Apple mainly earned less on iPhone sales.
In the second quarter, sales fell from 37.6 billion dollars in 2018 to 31 billion dollars this year.
That amounts to a drop of 17.3 percent. Revenues from Mac sales also fell slightly.
Turnover from other Apple products, such as the iPad and wearables, did increase.
Apple’s tablet valued for nearly 4.9 billion dollars in revenue, 21.6 percent more than last year.
Turnover from services raised by 16.2 percent to almost 11.5 billion dollars.
Apple director Tim Cook warned in early 2019 for the first quarterly figures of the financial year for declining sales due to disappointing iPhone sales.