Yes, iPhone revenues fell off a small cliff this quarter due to slower sales in China, as Apple had warned that they would, but all of the company’s other products and services posted revenue gains over the year-ago quarter.
Apple’s revenues and profits grew at record rates during the first fiscal quarter of 2018, but signs of softer unit sales indicate that more of the company’s money is coming from higher-priced, higher-margin products. The other big winners were the Services and Other Products categories.
Apple’s still not dead, nor even pining for the fjords, as it sees an apparent return to growth thanks to record-setting iPhone, Mac, and Apple Watch sales, as well as an ever-growing Services segment. However, the results weren’t so rosy for the iPad and Apple TV.
Apple is still making money hand over fist, but sales growth for all three of its major product categories has stalled or is in decline. Michael Cohen and Josh Centers don their analyst hats to try to explain why.
Apple has posted yet another record-shattering financial quarter, and Tim Cook has finally announced when we will be able to get our hands on the Apple Watch.
For its first fiscal quarter of 2014, Apple has once again reported record sales and revenues, beating expectations but suffering a hit to its stock price, as analysts grumbled that the company has not yet conquered the inner Solar System.
Citing constrained iMac availability and a shorter reporting quarter, Apple managed to come within one percent of last year’s profit-per-share mark, as well as bring in record revenues of more than $54 billion. For many analysts, this was not enough.