So much for gloom and doom from members of the technorati elite politburo. Minister Adrian Kingsley-Hughes explains:
Unit sales of 46.8 million fall pretty in line with analyst expectations, but while units are up year-on-year has flatlined at zero percent, revenue over the same period is up a whopping 29 percent.
Same number of phones, 29-percent more revenue, with average selling price pushing $800, and it isn’t just expensive iPhones that customers love.
Apple’s revenue from “Other Products,” which include AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and other Apple-branded and third-party accessories, hit $4.23 billion, up 13 percent from the $3.74 billion from the previous quarter, and up a robust 31 percent from the year-ago quarter figure of $3.23 billion.
People love to spend money on Apple kit and Apple takes it all the way to the bank.