Typically, Apple’s earnings report for the holiday quarter is a sight to behold. After all, Apple over the years has consistently and impressively delivered jaw-dropping revenue, monstrous iPhone sales, and of course, record-setting profits that simply put most every other company on the planet to shame.
The most recent holiday quarter, though, is a little bit different. Sure, Apple is still making money hand over fist, but Tim Cook a few weeks back wrote a letter to investors and informed them that Apple’s revenue for the holiday quarter would be a few billion dollars less than initially anticipated. No, the sky isn’t falling, but Apple’s bottom line was hit hard by poor performance across its entire product line in China.
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Apple posts fiscal Q1 earnings: Revenue reaches $84 billion as iPhone revenue drops by 15% originally appeared on BGR.com on Tue, 29 Jan 2019 at 16:32:48 EDT. Please see our terms for use of feeds.
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