As you might expect, that had a pretty significant effect on Apple's overall business: last year's March quarter was its best ever, but this time, the company only pulled in a total of $58 billion in revenue.
Apple's iPhone sales fell 17% in the first three months of the year as the company's flagship product continued to struggle.
Apple's revenue has appeared to drop year after year.
Apple had a challenging first quarter, with iPhone shipments dropping by a "staggering" 30.2 percent from a year earlier to 36.4 million units, IDCreported. Another notable financial bump in the company's reporting came from services; Apple clocked $11.5 billion in sales from that category, a jump from last year's $9.9 billion. The situation is better than three months ago, he noted.
Apple delivered stronger-than-expected results Tuesday for the past quarter as gains in services helped offset slumping iPhone sales, sparking a rally in shares of the technology giant. That means that customers are more likely to buy new iPhones if they can get some money back by handing over their existing handsets or if they can choose a financing option that works for them.
Apple's shares ended 4.91% higher on Wednesday, valuing it at around $969 billion, based on shares outstanding as of April 22. By adding more subscription services such as Apple News+ and Apple TV+, the company is looking to take advantage of an installed base that is now numbered at 1.4 billion devices.
Talking about the Apple Accelerator in Bengaluru, Cook said the company is "very happy" with some of the things coming out of there. It has been making strides with Apple Music and recently launched its News+ subscription service for avid magazine readers.
All of these new endeavors, along with Apple's existing services, represent a big part of the company's future. The company hopes that it can keep users in the Apple ecosystem by offering services that are similar to its hardware: easy-to-use, detail-orientated, and focused on privacy and security.
Those services include Apple TV+, which will attempt to compete with the likes of Netflix, Hulu and Amazon this fall with high-profile original programming from such heavy hitters as Steven Spielberg, Oprah and J.J. Abrams.
Right around the same time, Apple also is expected to launch a new video streaming service in the mold of Netflix, which has already amassed 149 million subscribers worldwide.
It seems that public interest has shifted away from iPhones, with Huawei and Samsung racing past Apple in the ranks for quarterly shipment sales.
The Constitution empowers Congress to remove a president from office for "treason, bribery or other high crimes and misdemeanors". Trump defiantly proclaimed on Twitter that the investigation "didn't lay a glove on me".
However, United's form has dipped dramatically and they have now lost seven out of their last nine matches in all competitions. Real Madrid seem to be leading the race to sign the World Cup victor , as they too are looking to rejuvenate an ageing squad.
Meanwhile, the Iranian President Hassan Rouhani said they discussed issues in the region including cooperation in Afghan process. Pakistan has created a new Frontier Corps to more effectively control its 950-kilometre long border with Iran, he said .
Government forces announced the launch of a "new phase" in the battle for Tripoli with a counter-offensive against Haftar forces. The ageing Soviet and Russian fighter jets used by both sides are not equipped to carry out night-time strikes.
Her minimalist home includes an enormous bath tub facing giant windows and a double vanity - but there's something missing. She also said that there were 8 different prototypes constructed before they settled on the winning sink.
The apex court said then it was appropriate to examine the scope of powers of the poll panel which is also a constitutional body. Since Khan had not given a similar assurance, the ban on him had continued.
PayPal Holdings Inc. will process payments for purchases made directly inside Marketplace, according to a company spokesperson. Lastly, the camera is being improved and a new Create Mode will make it easier to create posts without photos or videos.
Ultimate , which released in December 2018, is now the console's third best-selling title with 13.81 million total units sold . For the upcoming fiscal year, ending March 31, 2020, Nintendo has forecast Switch sales of 18 million units.
North Korea has suspended nuclear and long-range rocket tests, and the North and South Korean leaders have met three times. South Korea had not detected anything on radar so it was unlikely to have been a missile, a military official told AFP.
Manchester United’s Bailly to miss 2019 AFCON due to knee injury
Ole Gunnar Solskjaer has confirmed that Eric Bailly is set to miss Manchester United's remaining Premier League games this season. The 2019 AFCON tournament will begin June 21 to July 19 in Egypt and the Elephants have been tagged as one of the favourites.
Liverpool is team of the season, Klopp claims
Virgil van Dijk is set to win the PFA Players' Player of the Year award after an incredible 2018/19 season with Liverpool. Before him though, Steven Gerrard won the Player of the Year award for his performance in the 2005-06 season.
Josh Rosen has been traded to the Miami Dolphins
In his response to being selected as the number one draft pick, Murray kept it sweet and simple and said, "It's surreal". Murray solidified that history on Thursday when he was selected number one pick overall with the Arizona Cardinals .
Amazon Prime two-day shipping will go down to one day
Chief Executive Officer Jeff Bezos for years pumped most of the cash generated from Amazon's operations back into new initiatives. That helps Amazon consolidate shipping - and, if customers follow through - may hold down the cost of the new one-day pledge.