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Apple Q2 Earnings: iPhone Sales Fall Flat (reuters.com)

Posted by BeauHD on from the beginning-of-the-end dept.

An anonymous reader quotes a report from Reuters: Apple Inc reported a surprise fall in iPhone sales for the second quarter on Tuesday, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product. Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier. Analysts on average had estimated iPhone sales of 52.27 million, according to financial data and analytics firm FactSet. However, revenue from the smartphones rose 1.2 percent in the quarter. Expectations are building ahead of Apple's 10th-anniversary iPhone range this fall, with investors hoping that the launch would help bolster sales.

2 of 107 comments (clear)

  1. They sold 50 MILLION phones. Let that sink in. by sethmeisterg · · Score: 1, Insightful

    Only jagoff financial "analysts" can spin this as bad news. That's a massive number of new devices sold, and that's WITH people holding back for the 10th anniversary iPhone. If they don't raise Jesus from the dead each quarter they're panned. What horseshit.

  2. Re:hold off or went elsewhere? by dknj · · Score: 3, Insightful

    did customers really hold off or did they go elsewhere?

    D I G I T A L L O C K I N

    You bought all your videos on iTunes store, all of your music is iTunes in the cloud, and all of your photos and videos are also in iCloud. I would say half of those buying iPhones don't think there is a way out and can't fathom losing the thousands of $ they put into apple digital products