This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-35412892
The article has changed 7 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Apple iPhone sales growth slowest ever | |
| (35 minutes later) | |
| Apple has reported the slowest growth in iPhone sales since the product's 2007 launch and warned sales will decline later this year. | |
| The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago. | The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago. |
| Apple said revenue for the next quarter would be between $50bn (£34bn; €46bn) and $53bn, below the $58bn it reported for the same period a year ago. | |
| This would mark Apple's first fall in revenues since it launched the iPhone. | |
| Despite first-quarter iPhone sales being below the 75 million expected by analysts, it was still a record quarter for the company. | Despite first-quarter iPhone sales being below the 75 million expected by analysts, it was still a record quarter for the company. |
| Apple revenue in the three months to 26 December was $75.9bn and net profit was $18.4bn, both of which are the highest ever recorded by the company. | Apple revenue in the three months to 26 December was $75.9bn and net profit was $18.4bn, both of which are the highest ever recorded by the company. |
| Sales of iPhones accounted for 68% of the company's revenue in the period. | |
| Apple boss Tim Cook credited "all-time record sales of iPhone, Apple Watch and Apple TV" for the performance. | Apple boss Tim Cook credited "all-time record sales of iPhone, Apple Watch and Apple TV" for the performance. |
| But the firm's chief financial officer, Luca Maestri, said the company was operating in "a very difficult macroeconomic environment". | But the firm's chief financial officer, Luca Maestri, said the company was operating in "a very difficult macroeconomic environment". |
| He added that "iPhone units will decline in the quarter" and that the company was not projecting beyond those three months. | |
| Chinese 'softness not seen before' | |
| Apple's sales in Greater China - defined by the company as China, Hong Kong and Taiwan - rose 14%, but that was much slower than the 70% increase a year ago. | Apple's sales in Greater China - defined by the company as China, Hong Kong and Taiwan - rose 14%, but that was much slower than the 70% increase a year ago. |
| Mr Maestri said the softness in China was "something that we have not seen before", Reuters reported. | Mr Maestri said the softness in China was "something that we have not seen before", Reuters reported. |
| China accounts for almost a quarter of Apple's sales, more than all of Europe combined. | |
| Apple's shares were down 1.8% in after hours trading at $98.20. | |
| Daniel Ives, an analyst at Capital Markets, said given the "white knuckles fears" ahead of the results, he would "characterise the overall headline performance as better than feared". |