iPhone sales fall more than 10% – El Sol de México

The technology giant Apple announced a four percent drop in revenue during the second fiscal semester with a total of 90.8 billion dollars, which was due to the decrease in sales of its star product, the iPhone.

He iPhonedriving force of the company, sold 10 percent less in the quarter, below 46 billion dollars, and revenues also fell, more moderately, Mache iPad and accessories, including wearables.

On the other hand, sales for services Manzana -which include subscriptions Apple Music, TV, or Apple Pay– grew 14 percent to almost 24 billion, a figure that was a record, according to their reports.

Tim Cookexecutive director of Manzana told Reuters the company expects to return to sales growth in the current quarter as it invests in Intelligence Artificial (IA) that will be announced in the coming months.

“We continue to feel very optimistic about our opportunity in generative AI and are making significant investments,” Cook said.

For the current quarter of Manzanawhich ends in June, Cook said the manufacturer of the iPhone expects “low single digit growth” in overall revenue.

Wall Street expects revenue growth of 1.33 percent to $82.89 billion.

Cook indicated that iPhone sales are still experiencing “growth in some markets, such as China.”

However, the drop in income Manzana in China was not as pronounced as analysts expected, with sales of $16.37 billion for the fiscal second quarter ending March 30, down 8.1 percent and above analyst expectations of $15.59 billion. , according to Visible Alpha data.

New releases

The executive highlighted the launch of glasses Apple Vision Pro virtual reality and its potential for “spatial computing” and previewed a product announcement.

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Sales fell this quarter in all geographic areas and especially in Asia: in Chinawhich is the third market of Manzanaby eight percent, in Japan almost 13 percent and in the rest of the region Peaceful 17 percent.

According to the report, Apple’s quarterly earnings per share were $1,053above the estimates of Wall Street.

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