Apple posts Q1 revenue decline with iPhone sales down 15 percent

Apple posts Q1 revenue decline with iPhone sales down 15 percent

5 years ago
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https://techcrunch.com/2019/01/29/apple-posts-q1-revenue-decline-with-iphone-sales-down-15-percent/

Apple met its already-lowered expectations for its first earnings report of 2019, but the outlook isn’t too rosy as the gadget maker sees a major year-over-year decline in its cash cow iPhone business.

Apple reported revenue of $84.3 billion with $4.22 in basic earnings per share, falling largely in line with Wall Street expectations of $84 billion with an EPS of $4.17. The company’s revenue shrank 5 percent year-over-year from $88.3 billion one year ago. Apple shares popped 2 percent after-hours.

Apple posts Q1 revenue decline with iPhone sales down 15 percent

Jan 29, 2019, 10:20pm UTC
https://techcrunch.com/2019/01/29/apple-posts-q1-revenue-decline-with-iphone-sales-down-15-percent/ > Apple met its already-lowered expectations for its first earnings report of 2019, but the outlook isn’t too rosy as the gadget maker sees a major year-over-year decline in its cash cow iPhone business. > Apple reported revenue of $84.3 billion with $4.22 in basic earnings per share, falling largely in line with Wall Street expectations of $84 billion with an EPS of $4.17. The company’s revenue shrank 5 percent year-over-year from $88.3 billion one year ago. Apple shares popped 2 percent after-hours.