Apple's Income Falls: iPhone and iPad Sales Drop

IndustryTrends

 Apple reported a 4% decrease in quarterly revenue to $90.8 billion due to a drop in iPhone, iPad, and wearables sales.

 However, it also announced a $110 billion stock buyback.

iPhone sales fell to $45.7 billion, but Apple stock rose by 7% in extended trade.

Apple faces falling demand in China and fierce competition from Samsung.

 The company is also facing legal action in the U.S. over antitrust concerns.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Read More Stories