The iPad sales registered solid growth following the launch of the 2018 iPad Pro and then minor updates to iPad mini and iPad Air. The note goes on to predict that the growth rate for Apple's services business too will fade over the next few quarters. That's quite surprising because Apple will launch Apple TV Plus and Apple Arcade game streaming service later this year. The company's revenue was down 5.1% on a year-over-year basis.
April might be considered as the silver lining as the shipments of iPhone in India rose to 200,000 units which were fuelled by discounts and price cuts on selected devices.
That's because the current board that's found in the iPhone Xs is L-shaped which takes up far more room inside the device. Rosenblatt Securities said the overall iPhone sales were flat from May to June.More news: Indian fans hurt by World Cup exit but proud of team
"We believe Apple reduced iPhone XR production for Q3 in order to prepare for the ramp of the new iPhone models and because of weakness in sales in Q2", Zhang added.
In January, Apple cut its revenue outlook for the first time in nearly two decades, in large part because of iPhone weakness. This means that if Apple makes the announcement on September 10, then pre-order would be available by Friday the 13th. The company had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $57.40 billion.
At the time when India is labelled as to be one of the fastest-growing smartphone markets in the world, Apple's grip on the market seems to be slipping. Instead, the second half of 2020 will witness strong iPhone upgrades due to the introduction of 5G iPhones and other innovative features.More news: US Women's National Soccer Team Celebrates Second Consecutive World Cup Victory
Apple is expected to release four new iPhones in 2020, according to JP Morgan. Two of the three models are rumored to sport a triple camera setup on the back. The iPhone maker reported $2.46 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.37 by $0.09.
There's also the rumour that this new battery will be able to refill other devices and accessories via reverse wireless charging technology. The dimensions and color options are expected to remain the same as the current generation. The Motley Fool owns shares of QCOM and has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple.
According to data compiled by Bloomberg, more than 60% of Apple's 2018 revenue was related to the iPhone, while 20% came from China, which is also a critical part of its supply chain.More news: Sagan wins fifth stage, Alaphilippe retains lead | Sports , Other Sports
A newly leaked image that's appeared on SlashLeaks, claims to show the new logic board that will be packed inside the new phone.