Apple published a report for the third quarter of 2019 fiscal year ending June 29, 2019. Income was 53.8 billion, which is 1% higher than the same period last year. However, importantly, for the first time since 2012, sales of the iPhone brought to the company is less than 50% of income.
According to the data published in the report, total sales of Apple smartphones fell by 12%. In the end, during the reporting period, the iPhone brought Apple 25.9 billion dollars in revenue or 48% of total revenue for the quarter.
Unlike the iPhone the other “directions” showed an increase. In particular, sales of laptops and computers in comparison with last year grew by 11%, sales of tablets by 8%, while smart watches by 48%. Services also noticeably “grown up”. In comparison with the same period last year, the revenues from corporate services, Apple has increased by 13% and amounted to $ 11.5 billion.
In General, experts note that the quarter was quite successful for Apple. Despite falling iPhone sales, revenue rose slightly. Investors responded positively to the new quarterly report from Apple, and already during the conference, the company’s stock price in the previous auction grew by 4%.