iPhone sales hit by major decline


Apple has reported that iPhone sales revenue declined 15% year on year in its first fiscal quarter of 2019.

The disappointing sales figures were well documentedand many have blamed the high price of these smartphones.

The company also reported total quarterly revenue of $ 84.3 billion – 5% less than the previous year.

Apple praised the success of its other products and services, however, for which revenue grew 19% year-over-year.

"While it was disappointing to lose our revenue orientation, we managed Apple over the long term and this quarter's results demonstrate that the underlying strength of our business is deep and broad," said Apple CEO Tim Cook.

Cook added that Apple's number of active devices hit a record $ 1.4 billion last quarter.

Apple predicted revenue of $ 55 billion to $ 59 billion for the second quarter – down from $ 61.1 billion in the second quarter of 2018.

Now read: Apple shares rally despite falling iPhone sales


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