The company that has Computer in its name but actually sells a dimishing number of cell phone is seeing it’s profits drop…
I’m a Mac person, I have a iPhone and a Apple laptop and tablet….
And I am Not not one bit surprised with the stagnate growth for the company….
iPhone sales are levelling off….
Why?
Apple upgrades it’s phones EVERY year…
My new phone is a $1400 phone/camera/computer/clock/etc….
My Apple laptop cost almost as much….
My new iMac that I’m using to do this post cost $2300+ ….
Both the phone…iMac and laptop aren’t much different from the previous ones…
But they cost more…
Apple computer seems more a company that cares about driverless cars, building snazzy buildings and software that adds options that most of us do NOT use….
Added to all the above?
Is a company that is trying get more money from me….
Separate from me?
Apple is having trouble in China…..
Donald Trump is working against their sales in China and their manufacturing there…
Apple has long performed like clockwork, growing steadily and producing an ever-growing stream of profit. Not anymore.
On Tuesday, the Silicon Valley behemoth said that its net income had fallen 13 percent and that its revenue rose 1 percent in the latest quarter, with iPhone sales continuing to decline and gains in the company’s services and wearables business failing to make up the difference.
The results showed persistent signs of weakness for one of the world’s financial standouts. Apple built its enormous business on the iPhone, but sales of the device have slipped for three straight quarters in a saturated market for smartphones.
Yet the results also suggested that the company could be starting to halt declines in those sales and other key areas, including revenue from the Chinese market. Over the previous two quarters, Apple’s profits and revenue had fallen over all.
image….5Kplayer.com
But that is okay, they got a new credit card coming out next week, doesn’t utilize interest rates for long time payback, charges a fee, which is set below the current credit card interest rate. Card backed by J P Morgan.
And they are forced to sell EVERYTHING MORE then their computer’s….