Analysis of Apple results, carried out by Josh Gilbert, market analyst at eToro. “Apple is going through a difficult period, but let's not expect this trend to last long. The important thing is that the technological power is delivering in its two key segments: iPhone and Services, which will guide it through this bump,” he says.
As it has done for years, Apple beat earnings estimates, but revenue declined year-over-year for the fourth consecutive quarter.
This is an unprecedented slowdown for the world's largest company, and #Apple investors are not used to slowdowns. It comes as the company sees a sharp decline in Mac sales, 34%, while demand in #China remains weak.
Not only are Chinese consumers not spending at the rate Apple would like, but competition in the region from Huawei - which recently launched the hugely successful new 'Mate' phone - is dampening appetite for the iPhone.
Apple is going through a difficult period, but let's not expect this trend to last long. The important thing is that the technological powerhouse is delivering in its two key segments: #iPhone and Services, which will guide it through this bump. The iPhone continues to deliver, accounting for more than half of Apple's revenue. Another positive point was revenue from services, with a growth of 16%. Services are an important part of Apple's future growth, with high margins and one billion paying subscribers.
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Source: Territorioblockchain.com
