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iPhone sales hit by big recession

Apple has reportedly this iPhone sales revenue fell 15% year on year in the first fiscal quarter of 2019.

Disappointing sales were well documentedand many blame the high price of these smartphones.

The company's total quarterly revenue also amounted to $ 84.3 billion, which is 5% less than in the previous year.

However, Apple praised the success of its other products and services, whose revenues grew by 19% year-on-year.

“Although it was disappointing to miss our earnings guide, we manage Apple in the long run, and the results of this quarter show that the core strength of our business is deep and wide,” said Apple CEO Tim Cook.

Cook added that Apple’s active devices reached a record high of 1.4 billion in the last quarter.

Apple predicts revenue from $ 55 billion to $ 59 billion in the second quarter, compared with the $ 61.1 billion it received in the second quarter of 2018.

Now read: Apple shares are rising, despite falling iPhone sales.

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