Apple fell $ 100 billion due to lower iPhone sales
This significant decline in the market value of the company occurred after the release of financial statements and the decline in the value of securities by 5%. New smartphone sales were not reported for the fourth quarter due to their late launch. As a result, iPhone sales for this period in annual terms decreased by 20.7% and amounted to $ 26.4 billion.
According to analysts’ forecasts, the new iPhones with 5G technology will be among the top sellers in China. But in the fourth quarter, smartphone sales in this country fell 28.5% to $ 7.95 billion.
There is also good news: the company’s revenue was $ 64.7 billion, beating analysts’ expectations ($ 64 billion). Sales of Mac computers grew by 29% year-on-year to $ 9 billion, iPads – by 46% ($ 6.8 billion). The company’s services revenue increased by 16.3% in annual terms, amounting to $ 14.5 billion.
The material has been provided by InstaForex Company – www.instaforex.com