Thursday, 23 November 2017

Apple revenue shrinks on strong dollar, falling shipments

By Nick Wood, Total Telecom
Wednesday 27 April 16

CEO Tim Cook talks up services growth, insists iPhone business is healthy and strong.

Apple late on Tuesday reported declines in fiscal second-quarter revenue and profit, driven by the strength of the U.S. dollar and lower device shipments. Apple generated revenue of US$50.56 billion (€44.63 billion) in the three months to 26 March, down from $58.01 billion in the same quarter a year earlier. Net profit was down 22% year-on-year to $10.5 billion. In geographic terms…

Apple late on Tuesday reported declines in fiscal second-quarter revenue and profit, driven by the strength of the U.S. dollar and lower device shipments. Apple generated revenue of US$50.56 billion (€44.63 billion) in the three months to 26 March, down from $58.01 billion in the same quarter a year earlier. Net profit was down 22% year-on-year to $10.5 billion. In geographic terms…

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