Apple's Q1 revenue declines as iPhone sales drop 15 pct.
- 5 years ago
Apple has released its earnings report for the first fiscal quarter,… and it shows the company's worst holiday results in a decade.
However,... Apple shares rose six percent during trading on Tuesday,… as the company beat reduced earnings and revenue estimates for December.
Apple reported revenue of 84-point-three billion U.S. dollars,… down five percent from the previous year and slightly below projections.
Revenue from iPhone sales declined 15 percent, …while revenue from other products and services expanded 19 percent.
This was the first decline for both revenue and profit in a holiday quarter that Apple has posted since the iPhone hits stores more than a decade ago.
However,... Apple shares rose six percent during trading on Tuesday,… as the company beat reduced earnings and revenue estimates for December.
Apple reported revenue of 84-point-three billion U.S. dollars,… down five percent from the previous year and slightly below projections.
Revenue from iPhone sales declined 15 percent, …while revenue from other products and services expanded 19 percent.
This was the first decline for both revenue and profit in a holiday quarter that Apple has posted since the iPhone hits stores more than a decade ago.