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The bad publicity and the fact that consumers could swap out the battery on their existing iPhone on the cheap may have had a negative effect on iPhone demand. Cook, however, said he didn't know what the impact of the lower battery replacement cost would be. "We did not consider in any shape or form what it would do to the upgrade rate," he said on a call with analysts. "We did it because we thought it was the right thing for the customer."The unit sales decline suggests Apple could have potentially lost market share in phones in the period, according to Moor Insights analyst Patrick Moorhead.
The move to the more expensive iPhone did help its revenue, The company's iPhone unit generated $61.58 billion in revenue, up 13 percent from a year ago, The company's iPad sales also saw continued improvement, with its 13.2 million units shipped up 1 percent amid a 6 percent increase in revenue, The company is seeing a flicker of life come back to the tablet business, largely for education and business use, While the iPad was wildly popular a few years ago, consumers feel less of a need to upgrade to a new version, preferring zizo bolt iphone x tough case & screen protector - black reviews to spend their money on other gadgets -- like a new phone..
Apple said there are 1.3 billion active installed devices out there, an increase of 30 percent in 2 years. Its second most important contributor to revenue was its services business, which includes Apple Music and its App Store. It generated $8.47 billion in revenue, up 18 percent from a year ago. Apple noted that the previous year's fiscal first quarter lasted 14 weeks, while this past fiscal first quarter was 13 weeks, affecting the comparison between periods. Apple's net income rose to $20.07 billion, or $3.89 a share, from $17.9 billion, or $3.36 a share, a year ago.
Revenue rose to $88.29 billion from $78.35 billion, Analysts had expected earnings of $3.86 a share and revenue of $87.28 billion, according to Yahoo Finance, Looking ahead, Apple expects revenue to be between $60 billion and $62 billion in the fiscal second quarter, zizo bolt iphone x tough case & screen protector - black reviews lower than the $65.7 billion analysts expected, Apple shares rose 3.3 percent to $173.35 in after-hours trading, Originally published at 4:35 p.m, PT, Update, 2:55 p.m, PT: Includes executive and analyst comments and additional background..
The Smartest Stuff: Innovators are thinking up new ways to make you, and the things around you, smarter. iHate: CNET looks at how intolerance is taking over the internet. The earnings report answers a lot but doesn't settle the question about how the iPhone X is selling. Just how well the iPhone X performed remains a mystery. Still, one thing's for sure: Apple sold boatloads of iPhones but not quite enough. The Cupertino, Calif., consumer electronics giant said Thursday that it sold 77.3 million iPhones, down 1 percent from a year ago. Bernstein analyst Toni Sacconaghi had pegged the company to sell around 79 million iPhones in the period.
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