Drop in demand for iPhone and growth in revenue from services
- ARecently, Apple submitted another financial report. If you do not take into account the decline in demand for smartphones, then the company’s affairs look quite rosy.
According to the document, in the third quarter, revenue growth of half a billion dollars was recorded, at the same time the value of the company's shares grew by 7 percent. For the first time in the last six years, revenue from the sale of the iPhone was less than half of the total profit, decreasing by 3.5 billion dollars. However, sales of Mac and iPad significantly increased.
The largest growth in profits of the company was provided by proprietary services and smart devices, which together increased Apple's bank account by almost $ 17 billion.
Analysts of the company in the next quarter expect revenue growth, which is projected to be from 61 to 64 billion dollars.
According to the document, in the third quarter, revenue growth of half a billion dollars was recorded, at the same time the value of the company's shares grew by 7 percent. For the first time in the last six years, revenue from the sale of the iPhone was less than half of the total profit, decreasing by 3.5 billion dollars. However, sales of Mac and iPad significantly increased.
The largest growth in profits of the company was provided by proprietary services and smart devices, which together increased Apple's bank account by almost $ 17 billion.
Analysts of the company in the next quarter expect revenue growth, which is projected to be from 61 to 64 billion dollars.