INSUBCONTINENT EXCLUSIVE:
iPhone sales continue to sharply decline, according to Apple's earnings statement for its second fiscal quarter, though its stock and
services business are up today.Apple's all-important iPhone revenue was down another 17% for the quarter ending on March 30, amounting to
A year ago we saw iPhone revenue at $37.56 billion.You can chalk up people's continued upgrade aversion to newer, more expensive iPhones
The iPhone XS Max is Apple's most expensive phone ever, the 'budget' iPhone XR is still quite pricey, and the iPhone XS didn't change very
much from the iPhone X.New iPhone 11 rumors point to a triple-lens camera upgrade and the capability to wirelessly charge other devices
(handy for the new AirPods 2019), but Apple's handset isn't expected to get a groundbreaking smartphone redesign, unlike its
competition.Apple noted that price drops in certain countries did help it see some recovery, so its declines were "significantly smaller
Its Mac sales saw a minor dip (Apple blamed on "processor constraints on certain models"), while iPad sales were up (Apple highlighted the
new iPad Air and iPad mini)
The company's catch-all Wearables, Home and Accessories category saw a nice bump.Services are what Apple has been talking up the most
recently, and today's earnings call was no different
It's up to $11.45 billion from $9.85, which Apple touts as breaking new records for Apple Music, the App Store and Apple Pay.The company
just launched Apple News Plus and the forthcoming Apple TV Plus, and Apple Arcade are coming later in 2019
They'll join Apple Music in driving new subscription-based revenue."Service account for 20% of our March quarter revenue and one third of
its gross profit dollars," according to Apple CFO Luca Maestri during the Apple earnings call.Of course, Apple's iPhone revenue is still 2.8
times larger than its growing services category and it's becoming a perilous business to be in
Netflix has spent $15 billion on original content, HBO has shows that are household names like Game of Thrones, and Disney Plus launches on
November 12 with a Disney, Marvel and Star Wars-packed back catalogue.
