Apple’s 9-year iPhone juggernaut stops with first sales decline
SAN FRANCISCO: Apple Inc on Tuesday posted its first-ever decline in iPhone sales. It also reported its first revenue drop since 2003.
The company’s sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues.
Its shares fell about 8 per cent, dropping below $100 for the first time since February. A hike in Apple’s share buyback and dividend as well as bumper revenue from services failed to mollify investors.
it will drop MORE often from now on !
it must be continued than only Apple will feel the competition
Tvkon V K
Time for Apple to reduce its price
the product life cycle .. it will come down some day ..
Apple must realize that their pricing has gone horribly wrong and needs to change. No doubt their product quality and software update are the best in the industry, I have personally used iphone 4s, 5s and 6 and feel they are very good but they can’t just bank on the same with wrong pricing. A 10k to 15k price cut is required for all products and they will regain number one spot.
launch overpriced phones more, they will drop more.
I wish it continues to keep falling in the upcoming years
Cook if u introduce ur iphn 5se in 20k to 25k then may be you will get good result… Other wise lot of smartfone available
Honeymoon period is over now as people realized that its useless to spend more money, just by budget phone, use it for a while and discard it. While discarding it will not hurt your heart as compare to costly one.
Everyone is waiting for Apple 7.
Please don’t loose heart, many fools have applied for personal loan and as soon as it is approved they will rush to buy your iPhone.
overpriced is the main reason..