Apple's latest financial reporting reveals that it ekes out a small rise in iPhone sales, which are still robust but slowing -- but the iPad is trending down.
Today Apple released its first quarter 2016 results, for the three-month period ending December 26, 2015. The company's revenues were slightly up year-on-year, hitting $75.9 billion (as compared to $74.6 billion the year before).
This period obviously encomapasses the all-important holiday sales season, when Apple traditionally shifts a lot of devices.
And sell devices, it did: its iPhone line shifted 74.8 million units during the period; that was barely a change from last year, however, when the company shipped 74.5 million units.
The iPad, however, continued its slide: sales were down 25 percent year-on-year. The company sold 16.1 million iPads for the period.
While 74.8 million iPhones sounds like a lot -- and it is -- Wall Street isn't particularly happy with the company, because it generally sees a lot of sales growth for the iPhone, which makes up two-thirds of the company's annual revenue, according to the New York Times.
Apple did reveal that 1 billion devices (across all of its products, not just iOS products, including Mac PCs and Apple TV) have been connected to its services in the last 90 days.
The company actually missed Wall Street analysts' estimates for the period: its revenues were overall $75.9 billion for the quarter, but analysts were expecting $76.6 billion. These revenues, however, were the company's best-ever, it said in a release. Net income was $18.4 billion for the period.
This helpful chart from analyst firm Asymco breaks down Apple device sales historically:
Device shipments (with trailing 4 quarter average) pic.twitter.com/pPQFUwIvnN
— Horace Dediu (@asymco) January 26, 2016You May Also Like
