TEMPO.CO, Jakarta - Apple said Tuesday that its quarterly profit fell 27 percent from last year to $7.8 billion due to a drastic slump in iPhone sales.
Apple sold 40.4 million iPhones in the last quarter that ended June 25, down more than 51 million units from the previous year, highlighting the fear on iconic smartphone growth and the primary support of the company’s profit.
This is the second consecutive quarter on the slumping of iPhone sales for the firm, which its growth has not been seen interrupted at the time.
The company’s overall income fell 15 percent from last year to 42.4 billion, which is the most valuable company in the world.
CEO Tim Cook says the result showed that customer demand and business performance to be stronger than what the company anticipated during the early quarter.
ANTARA