Technology giant Apple slumped Wednesday afternoon at 5% of trading on Wall Street. The group predicts for the first time a decline in sales in the current quarter by declines in China and a high dollar. That prediction comes after a quarter in which sales of iPhones came out below expectations
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Apple reported after market close on Tuesday earnings per share of $ 3.28 for the fourth quarter of last year, while analysts on average had expected $ 3.23 per share. In total booked means Apple $ 18.4 billion profit in a single quarter. The company finite the year with a staggering cash mountain of $ 216 billion.
Less iPhones
Revenue came to $ 75.9 billion lower than expected. The consensus here was at $ 76.5 billion.
The company shipped in the last quarter of last year, 74.8 million iPhones. Here reckoned analysts on average at 75.5 million copies. The figure was roughly in line with sales in the same quarter last year.
Profit Maker fails
For the current quarter count Apple on revenue of $ 50 billion to $ 53 billion, a decrease compared to the same period last year. This is the first sales decline since 2003, according to Bloomberg, and also below the expectations of analysts. Which provided for an average turnover of $ 55 billion for the current quarter.
The iPhone is still the main profit maker for Apple. Although the group then still baking creates a profit in each quarter, the growth in the smartphone market as a whole in the back pockets.
The company sees in his own words some decline in China. Also in Canada, Russia and Brazil, there are some signs that the economy is going to slow, the company said.
But it still foresees strong growth in the longer term. Apple is also always deserved but to services in addition to the equipment. For example, shareholders that the share is relatively cheap, said analyst Wim Zwanenburg Struve and Lemberger
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