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Apple Sees Drop in iPhone Sales at Record Pace

Services revenue rose to $11.4 billion from $9.8 billion in the same quarter last year

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The Apple logo is shown outside the company's Worldwide Developers Conference in San Francisco, California. VOA

Apple posted better earnings and revenue than Wall Street expected for the March 2019 quarter — even as sales of its flagship iPhones were $6.5 billion lighter in the period, down by 17 per cent.

iPhones sales fell at their steepest-ever rate during the three months to the end of March but are showing signs of stabilising, the BBC reported.

Apple lifted its outlook for the three months to June, sending its shares over 5 per cent higher in after-hours trading.

The company had warned on iPhones sales earlier this year, citing China where Apple competes with cheaper rivals such as Huawei Technologies and Xiaomi.

Apple chief executive Tim Cook though said sales were stronger towards the end of March, including in China where it cut iPhone prices to boost demand.

For the quarter ended March 30, which is Apple’s fiscal year 2019 second quarter, the company reported revenue of $58.0 billion, down 5 per cent from the year-ago quarter, and earnings per diluted share of $2.46, down 10 per cent.

Apple, Campus, Tim cook
Apple CEO Tim Cook speaks during an event to announce new products, Oct. 30, 2018, in the Brooklyn borough of New York. VOA

Wall Street analysts’ consensus estimates had projected Apple to report revenue of $57.37 billion and EPS of $2.36. Apple’s stock rose over 5 per cent in after-hours trading.

While iPhone revenue fell, to $31.05 billion, Apple’s Services segment — which includes the App Store, Apple Music, iCloud, Apple Care and Apple Pay — generated quarterly record revenue of $11.5 billion, up 16 per cent.

According to the CEO, Apple had 390 million paid subscriptions at the end of March, up 30 million in the last quarter.

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Apple is also attempting to shift its reliance on the iPhone towards services and last month unveiled its new TV streaming platform, Apple TV+, to take on the likes of more established companies such as Netflix.

Services revenue rose to $11.4 billion from $9.8 billion in the same quarter last year. (IANS)

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Tech Giant Apple Releases System Updates for iPhones, MacBooks

Additionally, it addresses an issue that affected connectivity in VoLTE calls

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A customer is entering the Apple store in Fairfax, Virginia. VOA

Just weeks after releasing the iOS 12.3 update globally, Apple is rolling out a minor iOS 12.3.1 update with bug fixes along with a supplemental update for macOS 10.14.5.

The iOS update addresses a bug that prevented the “report junk” option from appearing on applicable threads and another one that made unknown senders appear in your main inbox when they should not, web portal Ars Technica reported on Friday.

Additionally, it addresses an issue that affected connectivity in VoLTE calls.

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The advanced Retina display with True Tone technology and wide colour support is 25 percent brighter and has the highest pixel density of any iPad. Pixabay

For the macOS, the update focuses on fixing an issue related to the T2 chip in newer MacBook Pro computers, the report said.

A minority of members of various communities of MacBook Pro users have blamed the T2 chip for  a few issues, most notably sound problems with certain pro audio devices, however, the exact issue remains unclear.

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The iPhone-maker is expected to reveal details about much bigger changes coming in iOS 13 and macOS 10.15 at its World Wide Developers Conference (WWDC) “special event” in San Jose on June 3, the report added. (IANS)