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iPhone sales continue to slide in Apple's latest quarterly report

Apple's iPhone sales continued to trend downwards in its fiscal Q2 2019 results. (Source: Apple)
Apple's iPhone sales continued to trend downwards in its fiscal Q2 2019 results. (Source: Apple)
Apple has reported its Q2 results for 2019 which showed that its iPhone sales have continued the downward trend first recorded in Q1. However, Apple stock was up seemingly in response to its services business which crested US$11 billion for the first time along with news of a further US$75 billion in share buybacks.

Apple continues to lose sales momentum with its mega iPhone business. The company no longer breaks out unit sales data for its line of smartphones, but iPhone revenue was down to US$31 billion for the past three months which is US$7 billion down on the same period 12 months ago. Still the company generates a total of US$58 billion in revenue thanks to its services revenue helping to compensate for the decline in iPhone sales.

Apple’s services business, which includes subscription services like Apple Music and News+, grew to US$11.5 billion for the quarter. Apple has been pointing heavily to this part of its business to allay concerns about lower iPhone sales and it looks like this has been warranted. However, Mac sales were down as well which combined with lower iPhone sales can’t be a positive when it is looking to push content on to more devices.

The other aspect of Apple’s business that continues to be robust is its wearables segment. Sales of devices like its AirPods are off the charts and are strongly supplemented by its Watch business. Combined, Apple’s wearables sales totaled US$5.1 billion. iPad sales were bolstered by the launch of the new iPad mini 5 and the new iPad Air helping the company boost iPad sales to $4.9 billion for the quarter, up US$800 million for the same period in 2018.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 04 > iPhone sales continue to slide in Apple's latest quarterly report
Sanjiv Sathiah, 2019-05- 1 (Update: 2019-05- 1)
Sanjiv Sathiah
Sanjiv Sathiah - News Editor
I have been tech-obsessed from the time my father introduced me to my first computer, an Apple ][. Since then, I have grown to enjoy exploring and experimenting with any computing platform that I can get my hands on – I am the definitive early adopter! I have always been interested in how we can use technology to shape and improve our lives, most recently using it to record, mix and master my debut record, Acuity – Nature | Nurture out now on Spotify.