Wednesday, July 27, 2016

Apple suffers a further decline in sales of iphone – La République du Centre


(AFP) – Apple group suffered a further decline in iPhone sales in the third quarter which resulted in a 27% drop in net profit, but it still managed to exceed analyst expectations.


In the three months ended in late June, the Apple brand has elapsed 40.40 million its flagship device units (-15% yoy). This is the second quarter in a row of declining sales.


Its net profit, however, reached $ 7.8 billion and earnings per share –the reference to Wall Street– stood at $ 1.42, 4 cents better than the average forecast of analysts.


At the same time, revenue fell 15% to $ 42.4 billion which is slightly better than the 42.1 billion expected by analysts.


The forecast for the current quarter also exceeded expectations: the group is between 45.5 and 47.5 billion dollars, while analysts expected until the bottom of this range


In electronic trading after the closing of the New York Stock Exchange, Apple shares progressed from about 5% to 2100 GMT.








Apple is currently looking for growth to replace the iPhone, which represented for many years the largest share of its revenue and profits.


The problem is even more important to resolve this is not the only star device group to be losing speed.


Quarterly sales of the iPad tablet are also down 9% year on year to 9.95 million units, and those of Mac computers fell 11% to 4.25 million units.


Possible group projects online TV or automotive raise serious speculation, but it has so far released only one new device category: Connected shows the Apple Watch last year.


Apple has never disclosed sales figures of his watch, but the IDC research firm said last week they had plunged 55% in the quarter ended in late June. The division in which these sales are recorded accuses the quarter a net decrease of sales (-16%).


The group recorded however a 19% growth in revenues in the services, about $ 6 billion in the quarter.


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