Apple suffers steepest sales fall in a year amid China iPhone slump
8 months, 1 week ago

Apple suffers steepest sales fall in a year amid China iPhone slump

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are also raising our quarterly dividend for the 12th year in a row.” The revenue decline was fuelled by a 10 per cent fall in year-over-year iPhone sales for the quarter, with China seeing a fall of 8 per cent, the steepest drop in the sales of its signature smartphone since the beginning of the pandemic. Apple boss Tim Cook called China “the most competitive market in the world” but said he maintained “a great view” of the country in the long term. “We’ll talk more about that in the weeks ahead.” Meanwhile, Apple’s services business, including the iCloud, Apple TV+ and Apple Music, jumped 14 per cent for the year. “iPad should grow double digits.” Apple did not reveal numbers on its Vision Pro augmented reality headset, instead including its data to a list that included devices like Apple Watch and AirPods.

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