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Apple reports decline in iPhone sales (CNET Update)

2016-07-27
iPhone sales are down again Apple reported its fiscal third quarter numbers in general Apple beat analysts estimates on things like revenue earnings as well as iPad and iPhone sales however Apple didn't beat those estimates by much let's talk about Apple's flagship products the iPhone and April Apple announced its first drop in iPhone sales this time the company said iPhone sales declined again the good news is the decline was less than expected experts estimated Apple would sell around 39 point seven million iPhones Apple sold forty point four million iPhones last year at the same time Apple sold forty seven point five million iPhones Apple CEO Tim Cook said demand for the iPhone se was greater than Apple's supply in the quarter however Apple now has enough to meet demand the iPhone se is Apple's updated 4-inch iPhone it has a lot of iPhone 6's features packed in a smaller body iPad sales were a mixed bag sales of iPads fell for the tenth straight quarter however revenue generated from the iPad was up last year the average iPad price was around four hundred and fifteen dollars now the average iPad hovers at around four hundred and ninety dollars thanks to the introduction of the pricier iPad pro line Tim Cook said this is the best iPad quarterly revenue the company has had in quite some time overall apples revenue and net income declined apples revenue was forty two point four billion dollars net income came in at seven point eight billion dollars Apple stock price increased over seven percent on the news and after-hours trading and with that this tech news update draws to a close I Myers actor and you can stay on top of the biggest stories at cnet.com slash
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