Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
February 18, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Weak iPhone sales drag down Apple's holiday earnings

Weak iPhone sales drag down Apple's holiday earnings

January 29, 2019 | By Alex Wawro




The results are out for Apple's first fiscal quarter of this year, and it looks like a steep drop in iPhone sales caused the company to miss its earnings targets, though its stock value still rose in after-hours trading.

Over the holidays (during the three months ending December 29th) Apple reported earning nearly $20 billion in profits on $84.3 billion in revenue, which seems like a good haul but is yet a bit less than the (record-setting) $88.3 billion in revenue it generated during the same period last year.

While the company saw earnings in almost every sales category go up year-over-year, a big drop in iPhone sales brought the company's bottom line down. Apple reported $51.9 billion in sales of iPhones during the quarter, nearly $10 billion less than the $61.1 billion iPhones brought in during the same quarter a year prior.

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term," Apple CEO stated in prepared remarks accompanying the release, noting that Apple's active install base of devices also hit 1.4 billion during this quarter. 

Apple is now projecting it'll earn between $55 and $59 billion in revenue during the current quarter, which ends in March. 



Related Jobs

IllFonic
IllFonic — Tacoma, Washington, United States
[02.18.19]

Senior to Lead Engineer
Sony PlayStation
Sony PlayStation — San Mateo, California, United States
[02.18.19]

Sr. Program Manager
Sony PlayStation
Sony PlayStation — San Mateo, California, United States
[02.18.19]

Sr. eSports Manager (Competitive Gaming Content)
Curriculum Associates
Curriculum Associates — San Francisco, California, United States
[02.15.19]

Senior Software Engineer - Learning Games (Unity)









Loading Comments

loader image