Apple reported falling iPhone sales

Apple’s total revenue from sales of iPhones for the first 9 months of the fiscal year decreased by 14.9%, amounting to $ 109.01 billion compared to $ 128.13 billion for the same period last year, follows from the company’s unaudited statements.

The largest decline in sales of devices of the company was recorded in China. Over the past 9 months, revenue from sales in this region decreased from $ 40.5 billion to $ 32.5 billion.

Amid a reduction in iPhone sales, the company’s revenue from sales of other devices has increased. So, for the first 9 months of the fiscal year, Mac sales revenue increased from $ 17.8 billion to $ 18.7 billion. Revenue from iPad sales for 9 months increased from $ 14.39 billion to $ 16.62 billion.

Apple’s revenue from sales of wearable devices, such as the Apple Watch and AirPods, grew from $ 13.15 billion to $ 17.96 billion.

The company’s net profit for the reporting period decreased by 8.44%, to $ 41.57 billion, against $ 45.40 billion a year earlier, the corporation said in a statement. Apple’s operating profit for the first 9 months of the fiscal year decreased from $ 54.7 billion to $ 48.30 billion.

In the third quarter of 2019, Apple’s net profit showed a decline of 12.8% from $ 12.6 billion to $ 11.54 billion. At the same time, the company’s total revenue increased to $ 53.8 billion, compared to $ 53.2 billion a year earlier. Operating profit declined from $ 12.6 billion to $ 11.54 billion.

On Friday, July 26, Apple officially announced plans to acquire most of the Intel modem unit. The $ 1 billion deal is expected to close in the fourth quarter of 2019, subject to regulatory approval.

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