{"id":316105,"date":"2017-05-03T06:34:36","date_gmt":"2017-05-03T06:34:36","guid":{"rendered":"http:\/\/citifmonline.com\/?p=316105"},"modified":"2017-05-03T06:34:36","modified_gmt":"2017-05-03T06:34:36","slug":"apple-sees-surprise-fall-in-iphone-sales","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/apple-sees-surprise-fall-in-iphone-sales\/","title":{"rendered":"Apple sees surprise fall in iPhone sales"},"content":{"rendered":"
Apple sold fewer iPhones than a year ago in the first three months of 2017, the company said in its latest results.<\/p>\n
The California firm, which is due to release a new phone later this year, said it sold 50.8 million iPhones in the period, down 1% year-on-year.<\/p>\n
Apple boss Tim Cook blamed a “pause” as customers wait for the next iPhone.<\/p>\n
Shares in the firm fell nearly 2% in after-hours trading after earlier hitting a record high on expectations of better results.<\/p>\n
Apple reported a 4.6% rise in revenue across the whole company to $52.9bn (\u00a341bn), slightly below analysts’ forecasts.<\/p>\n
The dip in iPhone sales was offset by services, including Apple Pay, iCloud and the App store, which recorded an 18% increase in sales to $7bn.<\/p>\n
Mr Cook also pointed to growth in sales of Apple Watch, as well as its AirPods and Beats earphones.<\/p>\n
Despite falling unit sales, revenue from iPhones still climbed 1% to $33.2bn due to “robust” sales of its bigger, more expensive iPhone 7 Plus.<\/p>\n
Analysis: Expectations high for 10th anniversary iPhone<\/strong><\/p>\n