Apple wants to be a services company

It seems that Apple is a leader that is starting to have challenges with lack of innovation an growth. Remember what happened to Nokia in similar situation…

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1 Comment

  1. Tomi Engdahl says:

    Apple Forecasts First Quarterly Sales Decline Since 2003

    Despite another quarter of record sales and revenue, Apple Inc.’s stock traded lower after hours Tuesday (Jan. 26) after the company reported lower than expected iPhone sales and forecast its first year-over-year decline in sales in 13 years.

    Apple reported selling a record 74.8 million iPhones in the first quarter of its fiscal 2016—more than 34,000 phones per hour over the 13 week period. Despite the record, iPhone sales fell short of consensus analysts’ expectations of about 75.5 million. It was also the lowest year-over-year growth in iPhone sales, 0.4%, since Apple began selling them in 2007.

    Fiscal first quarter sales of iPads and Macs also came in lower than analysts’ expected.

    Tim Cook, Apple’s CEO, laid the blame for the lackluster quarterly forecast largely on the strong U.S. dollar and on economic malaise in certain regions, including China. Quarterly revenue would have been $5 billion higher in constant currency, Apple said, but the decline in value of currencies relative to the U.S. dollar has made Apple products significantly more expensive than they had been in certain regions.

    “Foreign currency fluctuations have a very material impact on our results,” Cook said, noting that two-thirds of Apple’s revenue now comes from outside the U.S.


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