iPhone Sale Sees Dip for the first Time Since 2012

iPhone Sale Sees Dip for the first Time Since 2012

iPhone is the most popular product in Apple’s portfolio that generates its largest revenue chunk. But for the first time since 2012, the product has made less than half of Apple’s overall sales. iPhone Sale Sees Dip for the first Time Since 2012, this is shocking.
In the third quarter only about 48% of Apple Inc.’s revenues were generated from iPhone’s sales. Surprisingly, Apple services and wearables are gaining popularity and picking up the slack.

iPhone Sale Sees Dip for the first Time Since 2012

Apple iPhone revenue witnessed about a $3 billion year-on-year decline with 25.986 billion dollars revenue. It missed the mark that was set by the analysts that was estimated to be $26.54 billion. The iPhones released in 2018 didn’t do any better than the phones released the year before. Unfortunately, this year’ iPhone models aren’t expected to do much either.
The similar situation happened about seven years ago in the fourth quarter of 2012 when iPhone sales dipped below 50%. On the up side services and wearables are gaining popularity which is a great thing from tech advancement stand point. Although, there is no denying the fact that iPhone is waning off which is an alarming situation for the company.

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