Apple Lossless Audio CODEC (ALAC), announced last night the financial results for Q1 2019, and the American company recorded substantial decreases in revenue and profit. As he had announced a few months ago, Apple had a very bad fiscal quarter, and this can be seen in several billion dollars that disappeared from the profit and receipts of those in Cupertino.
Apple recorded revenues of $58 billion, down $3 billion from Q1 2018, mainly due to the substantial decline in iPhone sales. Apple's profit also decreased by 2.2 billion dollars, from 13.8 billion to 11.6 billion, the difference being unexpectedly large, the first in recent years.
Apple has announced since last year that it will no longer report the sales of physical units of iPhone phones, and this will leave many question marks vis-à-vis its evolution. Even if Apple does not say how many iPhones it sold, the substantial drop in revenue and profit clearly suggests that Apple sold far fewer phones than in Q1 2018.
Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record ," said Tim Cook, Apple's CEO. "We delivered our strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services. We're looking forward to sharing more with developers and customers at Apple's 30th annual Worldwide Developers Conference in June.
Those from Apple have prepared analysts for this negative evolution in sales recorded globally, and this is because of the problems that exist throughout the world with smartphone sales. Apple had to "gain" from the fact that its phones are more expensive, so the decrease in sales was compensated to a certain extent by the higher prices, but even so, it has serious problems.
