Apple Reports Drop in iPhone Sales
4 May 2017 (12:36)
UrBC, Moscow, May 4, 2017. Apple Corporation reports its iPhone sales declined by 43,000 units in the second quarter of the financial year 2016/2017, Prime refers to the company’s report as stating.
The company sold 50.76m iPhones, compared with 51.19m one year previously.
At the same time, their quarterly dividends went up by 10.5%, leaving investors unimpressed and the share price dropping by 1.9%, down to $144.65.
The company’s profit rose by 4.9%, up to over $11bn, its revenues by 4.6%, up to $52.9bn.
Apple managed to both increase their sales and reach the all-time high in terms of revenues earlier: in the last quarter of 2016, the company’s smartphone sales reached a peak thanks to the high demand for their iPhone7.
The company sold 50.76m iPhones, compared with 51.19m one year previously.
At the same time, their quarterly dividends went up by 10.5%, leaving investors unimpressed and the share price dropping by 1.9%, down to $144.65.
The company’s profit rose by 4.9%, up to over $11bn, its revenues by 4.6%, up to $52.9bn.
Apple managed to both increase their sales and reach the all-time high in terms of revenues earlier: in the last quarter of 2016, the company’s smartphone sales reached a peak thanks to the high demand for their iPhone7.
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