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All the panic surrounding Apple’s declining iPhone sales is way overblown

For the first time in company history, Apple recently posted a year-over-year drop in iPhone sales. During the March 2016 quarter, Apple sold 51.1 million iPhones compared to 61.2 million iPhones sold during the same quarter a year-ago. And seeing as how the iPhone is Apple’s primary revenue driver, Apple’s earnings also took a hit, with the company posting EPS of $1.90, down from $2.33 during the year-ago quarter. Not surprisingly, shares of Apple opened up 8% lower when trading began earlier this morning. And while shares have since climbed back up from a low of $95.98 to about $98, the stock is still down more than 6% as fears of ‘peak iPhone’ continue to grow. DON’T MISS:  The iPhone 7 might cost you money even if you don’t buy one While there’s no denying that iPhone sales this past quarter took a hit, I think people overlooking the fact that there’s no way iPhone sales could have even come close to what Apple achieved during its second fiscal quarter of 2015. In other words, the ‘doom and gloom’ scenarios that many are now associating with Apple are a bit premature. The sky isn’t falling nor is the iPhone about to embark

Quoted from All the panic surrounding Apple’s declining iPhone sales is way overblown on Gadgets News Headlines – Yahoo! News

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