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Apple iPhone sales drop more than forecast, revenue falls for third straight quarter - Yahoo Finance
https://finance.yahoo.com/news/apple-iphone-sales-drop-more-than-forecast-revenue-falls-for-third-straight-quarter-203804855.html
Apple (AAPL) announced its fiscal Q3 earnings after the bell on Thursday, reporting iPhone sales that missed analysts' expectations while **revenue fell 1.4% ver last year, the third straight quarter of declines.** About half of the company's overall revenue comes from its iPhone segment.
On Friday, Apple stock was down 2% in premarket trading, as the tech giants gloomy results contributed to it's share price decline.
Revenue has slid for multiple quarters at the tech giant as Mac and iPad sales have flagged. On a call with analysts Apple CFO Luca Maestri said **the company expects revenue for these products to fall by double digits from last year**, citing pent-up demand from the prior year quarter after factory shutdowns.
Services did better however my big question is if this really can compensate if Apple's hardware sales keep slumping? Quite frankly i don't understand why people keep buying the same iphone every year or maybe they no longer do? It's time Apple steps up its iphone and other hardware innovation instead of just repackaging the same thing every year with minor-to-no updates.
PS. anybody else would wanna see a macbook (pro) **with touchscreen**? Personally i love my Dell XPS 13 4K with touchscreen and love the dimensions are only 30x20cm. Would love to see Apple making something similar.
Apple iPhone sales drop more than forecast, revenue falls for third straight quarter - Yahoo Finance
https://finance.yahoo.com/news/apple-iphone-sales-drop-more-than-forecast-revenue-falls-for-third-straight-quarter-203804855.html
Apple (AAPL) announced its fiscal Q3 earnings after the bell on Thursday, reporting iPhone sales that missed analysts' expectations while **revenue fell 1.4% ver last year, the third straight quarter of declines.** About half of the company's overall revenue comes from its iPhone segment.
On Friday, Apple stock was down 2% in premarket trading, as the tech giants gloomy results contributed to it's share price decline.
Revenue has slid for multiple quarters at the tech giant as Mac and iPad sales have flagged. On a call with analysts Apple CFO Luca Maestri said **the company expects revenue for these products to fall by double digits from last year**, citing pent-up demand from the prior year quarter after factory shutdowns.
Services did better however my big question is if this really can compensate if Apple's hardware sales keep slumping? Quite frankly i don't understand why people keep buying the same iphone every year or maybe they no longer do? It's time Apple steps up its iphone and other hardware innovation instead of just repackaging the same thing every year with minor-to-no updates.
PS. anybody else would wanna see a macbook (pro) **with touchscreen**? Personally i love my Dell XPS 13 4K with touchscreen and love the dimensions are only 30x20cm. Would love to see Apple making something similar.
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