SAN FRANCISCO — Apple’s iPhone business is sailing squarely into the doldrums between new models.
The company said Tuesday that the number of iPhones sold globally fell 1 percent in the first calendar quarter, compared with the same period a year ago, although revenue rose to $52.9 billion as more customers bought the supersized, more expensive iPhone 7 Plus.
Apple’s net income per share rose more than 10 percent, as a result of cost-cutting, higher prices and the company’s continuing program to buy back its stock.
The first two calendar quarters are often sluggish for Apple as customers await new versions of products. But unusual expectations for the 10th anniversary iPhones, due in September, may have worsened the slowdown.
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The company said Tuesday that the number of iPhones sold globally fell 1 percent in the first calendar quarter, compared with the same period a year ago, although revenue rose to $52.9 billion as more customers bought the supersized, more expensive iPhone 7 Plus.
Apple’s net income per share rose more than 10 percent, as a result of cost-cutting, higher prices and the company’s continuing program to buy back its stock.
The first two calendar quarters are often sluggish for Apple as customers await new versions of products. But unusual expectations for the 10th anniversary iPhones, due in September, may have worsened the slowdown.
Read More
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