Apple has reported for the last fiscal quarter, reporting revenue of $ 53.8 billion, which surpassed analysts’ expectations, predicting performance at $ 53.4 billion. The company’s profit decreased by 13% (to about $ 10 billion) compared to the same period a year earlier. that is associated with a drop in demand for the iPhone.
Sales of the Apple smartphone brought in the reporting period about $ 26 billion, which is 12% lower than last year’s figures ($ 29.5 billion). For the first time in seven years, iPhone sales have brought less than half of the company’s revenue.
According to Tim Cook, this is the result of Apple’s policy, which diversifies business and moves away from the only economic driver that the smartphone was.