Hot topics

The iPhone now represents less than half of Apple's business

AndroidPIT apple iphone xs max vs iphone x
© nextpit

Read in other languages:

Apple has announced its results for the third quarter of 2019. Although the Cupertino firm is still very healthy, its flagship smartphone is no longer the product that makes it possible to rake in the profits.

With net sales of $53.8 billion, Apple's revenue increased by 1% compared to the same period last year. However, iPhone sales amounted to $25.99 billion, compared to $29.47 billion last year, which means that for the first time since 2012, Apple's flagship product represents less than 50% of the company's revenue.

The news is not at all surprising, mainly because Apple has worked hard in recent months to expand its range of products and services, and Apple Watch and other devices, such as AirPods, have had a significant impact on the market. It is therefore normal that the cake now splits into new slices, which reduces the iPhone's importance.

Laura Hutton shutterstock 569993581
Tim Cook is extremely pleased with Apple's results. © Laura Hutton / Shutterstock.com

"This was our largest quarter from June to date, driven by record revenues in all respects and an acceleration in wearable growth," Tim Cook said in a press release."These results are promising in all our geographic areas and we are confident for the future."

What will be of most interest to shareholders, however, is the next quarter, as it will be the first to include sales of Apple's new iPhone and subscription services: Apple TV + and Apple Arcade, with revenues predicted to fall somewhere betwenn $61 billion to $64 billion.

Via: The Verge

The best smartphones under $1,000 

  Editor's recommendation The best iPhone The best camera phone Value for money The best foldable The most affordable
Product
Price
  • $799
  • $799
  • $999
  • $599
  • $999
  • $499
Picture Samsung Galaxy S24 Product Image Apple iPhone 15 Product Image Google Pixel 8 Pro Product Image Nothing Phone (2) Product Image Samsung Galaxy Z Flip 5 Product Image Google Pixel 7a Product Image
Review
Review: Samsung Galaxy S24
Review: Apple iPhone 15
Review: Google Pixel 8 Pro
Review: Nothing Phone (2)
Review: Samsung Galaxy Z Flip 5
Review: Google Pixel 7a
Offer*
Go to comment (2)
Pierre Vitré

Pierre Vitré
Head of Content

Pierre has a strong passion for new technologies and mobile since its first StarTac. Android user since 2011, Pierre became totally hooked. He never leaves his smartphone and smartwatch and still believes in the success of Google Glass. That's why he joined AndroidPIT.fr to be the head of content.

View all articles
Liked this article? Share now!
Recommended articles
Latest articles
Push notification Next article
2 comments
Write new comment:
All changes will be saved. No drafts are saved when editing
Write new comment:
All changes will be saved. No drafts are saved when editing

  • CJ Brown 29
    CJ Brown Aug 4, 2019 Link to comment

    Apple still has iPads!

    Their 1st mistake was trying to get Apple Cult Consumers to trade in their iPods for the iWatch!

    Their 2nd was bailing on iTunes and forcing a switch to Apple Music!

    Apple is going to make 💰 , just not from their typical revenue source


  • 49
    storm Aug 3, 2019 Link to comment

    They have a herd of iPhone users they can milk for money morning and night.

    It's 4:30. Time for milking.
    youtube.com/watch?v=_iUUqOB147w