April 17, 2019
apple lower financial results poor iphone sales fiscal q2
Apple revealed its financial results for the first fiscal quarter back in January, and the numbers showed poor sales of iPhones during the 2018 holiday period. Although there are two weeks until the Q2 report is here, analysts predict the trend will continue, and the company has sold no more than 45 million phones, which is more than 10% down on the 52 million amount a year ago.
OTR Global issued a new investor note, saying Apple shipped between 37 million and 42 million iPhones, while Wall Street analysts expect slightly better outcome – 40 to 45 million phones. OTR said the main…