iPhone Sales Are Slowing. Here's Why Apple Doesn't Really Care.
As was widely anticipated, (NASDAQ: AAPL) reported lower year-over-year revenue for its quarter ending in early July. The decline wasn't as dramatic as feared, however. Its top line fell from $83 billion a year earlier to $81.8 billion this time around versus estimates of $81.7 billion. Earnings grew from $1.20 per share then to $1.26 now, topping estimates of $1.19 per share.
Once again, declining iPhone revenue is a key culprit in this third consecutive quarterly revenue dip. Apple only sold $39.7 billion worth of the popular smartphone during its third fiscal quarter of the year, down from the year-ago comparison of just under $40.7 billion.
Let there be no mistake -- the revenue dip isn't solely the result of lower selling prices. Apple is selling fewer iPhones.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.25% for Apple Inc. compared to the current price of 201.45 €.
