Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 17, 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

Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States

Senior Engine Programmer
Insomniac Games
Insomniac Games — Burbank, California, United States

Lead Character TD — Austn, Texas, United States

Senior Community Manager, World of Warships
Sparx* - Virtuos Vietnam
Sparx* - Virtuos Vietnam — Ho Chi Minh, Vietnam

Lead Real-time VFX

Loading Comments

loader image