
Increases in iPhone and Apple services were not enough to offset declines in other product categories, but even so, the company’s revenue beat analysts’ expectations.
Apple’s revenue in the second quarter of this year amounted to $94.84 billion, which is 3% less than in the same period last year. This is the second consecutive quarter of decline for the American company, but the results exceeded analysts’ expectations of $92.96 billion.
The company’s profit for the same period was $24.16 billion, also down 3% from last year.
The iPhone and services were Apple’s strong points last quarter. iPhone sales rose 2% year-over-year to $51.33 billion. Services brought in $20.9 billion, up 5% year over year.
On the other hand, Macs fell 31% to $7.17 billion, iPads fell 13% to $6.67 billion, and the Wearables, Home & Accessories category fell 1% to $8.76 billion.
Tim Cook apologized for the sharp drop in laptop and tablet sales, saying they previously had a very strong quarter that was difficult to replicate, in which it grew due to new product launches.
Source: Hot News

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