The lack of revenue from an important market for Apple. However, stocks are rising.
LOS ANGELES (Nettavisen): Apple has published a report on earnings for the last quarter after the close of the US stock exchange.
The company announced that there will be no party numbers, in part because of the economic situation in China.
And the results show a decline in sales in a huge country. According to CNBC, the company's revenue from China was $ 13 billion, which is 27 percent less than the same period last year.
In general, Apple's revenue for the quarter amounted to 84.33 billion NOK. This is five percent less than in the same quarter of last year.
“Although the results were a bit disappointing, the quarterly results show the main strength of our business,” said Apple's executive vice president Tim Cook.
Especially iPhone sales fail. It fell 15 percent from the previous year. However, other products and services increased by 19 percent.
The value of Apple stock rises after the release of the report and is 3% higher after the sale.
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