Tuesday , November 19 2019
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Apple sees revenue and profit fall in second quarter | NOW



Apple's revenue and profit fell in the second quarter compared with the previous year. Quarterly turnover was $ 58 billion (converted 51.7 billion euros), down 5.1 percent compared to the same quarter last year.

In the first three months of this year, Apple posted a net profit of more than $ 11.5 billion. That's $ 2.3 billion less than in the same quarter last year.

Apple basically earned less from iPhone sales. In the second quarter, sales fell from $ 37.6 billion in 2018 to $ 31 billion this year. That's a decrease of 17.3 percent. Mac sales revenues also dropped slightly.

The turnover of other Apple products, such as the iPad and wearables, has increased. Apple's tablet accounted for almost $ 4.9 billion in revenue, up 21.6% from last year. Service turnover increased by 16.2% to almost $ 11.5 billion.

Apple CEO Tim Cook warned in early 2019 for the first quarterly figures for the fiscal year for declining sales due to disappointing iPhone sales.


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