Over the past few weeks, the Cupertino company's share price has fallen by 9%, which in investorech caused panic that iPhone sales were declining. However, it seems that such a scenario will not come true. According to estimates, sales in the last quarter increased by 2% and iPhone sales revenue by as much as 13%.
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The 2% estimate is based on an analysis conducted by the agency's analysts. Bloomberg, while the estimate of 13% is based on an analysis by the American newspaper The Wall Street Journal. In both cases, this is a year-on-year increase.
The numbers suggest that iPhone X sales weren't as bad as some analysts had previously thought. The only way there could be a 13% increase in revenue and a 2% increase in sales is if the average price of iPhones increased, thanks to the annual iPhone X.
The company forecast total revenue of $60 billion to $62 billion in the fiscal second quarter. However, if we were to stick with analysts' claims that iPhone sales would increase by 2% and revenue from them by 13%, then the Cupertino company would achieve total sales of $61 billion.
See what it would look like iPhone with a three-lens camera according to iDropNews and Martin Hájko:
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Apple will share the financial results already tomorrow, i.e. May 1. Traditionally, at 13:30 Pacific time, i.e. at 22:30 our time, the Californian giant publishes financial results. The conference call will then begin at 14:00 PM Pacific Time, which is 23:00 PM US time. About all the news that Apple will reveal tomorrow, we will immediately inform you in as much detail as possible.
