Apple confirms drop in net profit in second quarter 2019

Overnight, the Coopertinos published a new financial report, which for the first time in a long time does not contain any record figures. Moreover, according to the available data, compared to last year Apple showed negative growth.

In fact, all the main indicators have sagged. The company’s total revenue in comparison with the same period last year fell by 5% to 58 billion dollars, and net profit decreased by 16% (11.5 billion).

Recall that at the end of last year, the Coopertinos stopped disclosing in their financial reports the number of devices sold. According to the company’s representatives, these values have lost their importance. Now the profit from the sale of products has come out on top.

However, even such a step did not hide the declining sales of the iPhone. According to the available data, compared to last year, revenue from the sale of smartphones decreased by 17%.

Interestingly, against the background of declining revenue from the sale of devices, the company’s revenues from services are gradually growing. During the reporting period, they brought $11.45 billion to the Coopertinos, a new record.

Joshua

About: Joshua

Hello. I'm a tech writer,geek and Apple fan have been blogging and writing in these niches since 2010. Hope we'll become friends.