Reed Albergotti, The Washington Post Published 4:04 pm PDT, Tuesday, April 30, 2019 Apple, which touts more than a billion of its devices in use around the world, is trying to steer the attention of Wall Street away from falling iPhone sales and toward services. The device-maker on Tuesday said sales of iPhones continued to fall in the fiscal second quarter, dropping 17% from a year ago. Its services business grew 16% in the quarter. Services are all the things Apple tries to sell its customers after they've purchased one of its devices, services like Apple Music, iCloud storage and AppleCare warranties. Its quarterly services revenue was $11.45 billion, up from $9.85 billion a year ago. But iPhone sales are still nearly three times as large, at $31 billion in the quarter. In March, Apple put the spotlight on new services it's rolling out to try to make up for flagging iPhone revenue. Celebrities like Oprah Winfrey and Steven Spielberg stood onstage at the company's … [Read more...] about Apple says its services business grew as fast as iPhone sales fell
Expected iphone 6 price drop
Mae Anderson AP Technology Writer Published 5:28 PM EST Jan 3, 2019 New York – Behind Apple’s disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit peak smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did. Some manufacturers have boosted prices to keep up profit. But Apple’s shortfall highlights the limits of that strategy. The company said demand for iPhones is waning and revenue for the last quarter of 2018 will fall well below projections, a decrease traced mainly to China. Apple Inc.’s $1,000 iPhone is a tough sell to Chinese consumers unnerved by an economic slump and the trade war with the U.S. They also have a slew of cheaper smartphones from homegrown competitors such as Huawei, Xiaomi and Oppo to choose from. Apple’s shares dropped 9 percent Thursday on the sales slump forecast as the company … [Read more...] about Weak iPhone sales signal smartphone market has peaked
Mae Anderson, Ap Technology Writer Updated 12:04 pm PST, Thursday, January 3, 2019 The Apple logo is displayed at the Apple store in the Brooklyn borough of New York, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. less The Apple logo is displayed at the Apple store in the Brooklyn borough of New York, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's ... more Photo: Mary Altaffer, AP Photo: Mary Altaffer, AP Image 1 of / 5 Caption Close Image 1 of 5 The Apple logo is displayed at the Apple store in the Brooklyn borough of New York, … [Read more...] about With slump in iPhone sales, are we post Peak Smartphone?
News / UK and world by Press Association January 3, 2019, 5:03 pm FacebookTwitterLinkedInWhatsAppEmail Send us a story Sign up to our Daily newsletter US stocks have gone into a steep slide after Apple reported a slowdown in iPhone sales in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world’s second-largest economy was weakening. The Dow Jones Industrial Average fell more than 600 points about an hour into trading. Apple’s stock plunged 10%, erasing 67 billion dollars (£53 billion) in value. Other big exporters including technology and machinery companies also took big losses. Some of the worst drops were at chipmakers that make components used in smartphones and other gadgets. The US-China trade dispute, nearly a year old, threatens to hit their supply lines and reduce demand for their products. Tariffs and other trade sanctions could … [Read more...] about US stocks slump after Apple reports slower iPhone sales in China
Marley Jay Assiciated Press Published 11:29 AM EST Jan 3, 2019 New York – Stocks went into a steep slide Thursday morning after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning of disappointing results from Apple sent a shudder through markets and reinforced fears among investors that the world’s second-largest economy is weakening. The Dow Jones Industrial Average fell more than 600 points about an hour into trading. The broader S&P 500 index was down 2.4 percent. Apple’s stock plunged 10 percent, erasing $67 billion in value. Other big exporters, including technology and machinery companies, also took big losses. More: Waning iPhone demand highlights Chinese consumer anxiety Some of the worst drops were at chipmakers that make components used in smartphones and other gadgets. The U.S.-China trade dispute, nearly a year old, threatens to snarl their supply lines and … [Read more...] about Stocks plunge after Apple sees slower iPhone sales in China