iPhone Sales Continue Downward Trend

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For the fourth quarter in a row, Apple iPhone sales showed a dip in sales falling a slight 1 percent compared to the same quarter a year ago.

Apple sold 50.8 million iPhones during the past quarter, it said Tuesday, compared to about 51.1 million last year. However, iPhone revenues inched up by 1 percent to over $33.2 billion.

This fell below analysts average expectations of iPhone unit sales of 52.3 million.

iPad unit sales fell 13 percent to just short of 9 million and Mac sales rose 4 percent in units.

Apple CEO Tim Cook said Apple Watch sales doubled since last year, but Apple did not report Watch sales figures.  The Watch is included in Apple’s “other products” category along with Beats products, accessories, Apple TV, and AirPods.  That segment saw a 31 percent jump in sales for the quarter, said Engadget.

Total revenues for Apple grew 5 percent for the quarter to $52.9 billion.

You can read more on Apple’s earnings at The Verge, Engadget, Reuters and Apple.

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