Apple’s iPhone Sales Decline Across Global Markets Except Europe
Apple reported a decline in iPhone sales across all global markets except Europe in Q1. iPhone sales dropped over 10%, contributing to a 4% overall revenue decline to US$90.8 billion. Shares surged in after-hours trading as results beat some expectations. Apple attributed the dip to supply chain disruptions from COVID-19, which had boosted sales last year. In Greater China, iPhone sales fell 8%, but CEO Tim Cook noted sales in mainland China increased. Apple faces competition from Huawei. The upcoming iPhone 16 is expected to introduce new AI features. Apple also faces legal battles over app store fees and a lawsuit against Google. Apple announced US$110 billion in share buybacks.
Apple reported a decline in iPhone sales across all global markets except Europe in Q1. iPhone sales dropped over 10%, contributing to a 4% overall revenue decline to US$90.8 billion. Shares surged in after-hours trading as results beat some expectations. Apple attributed the dip to supply chain disruptions from COVID-19, which had boosted sales last year. In Greater China, iPhone sales fell 8%, but CEO Tim Cook noted sales in mainland China increased. Apple faces competition from Huawei. The upcoming iPhone 16 is expected to introduce new AI features. Apple also faces legal battles over app store fees and a lawsuit against Google. Apple announced US$110 billion in share buybacks.
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Apple reported a decline in iPhone sales across all global markets except Europe in Q1. iPhone sales dropped over 10%, contributing to a 4% overall revenue decline to US$90.8 billion. Shares surged in after-hours trading as results beat some expectations. Apple attributed the dip to supply chain disruptions from COVID-19, which had boosted sales last year. In Greater China, iPhone sales fell 8%, but CEO Tim Cook noted sales in mainland China increased. Apple faces competition from Huawei. The upcoming iPhone 16 is expected to introduce new AI features. Apple also faces legal battles over app store fees and a lawsuit against Google. Apple announced US$110 billion in share buybacks.
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Focus: Apple’s iPhone Sales Decline Across Global Markets Except Europe
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