Three days ago Apple reported finance for the next quarter of 2019, earning $ 53.8 billion in revenue and earnings of $ 2.18 per share.
Although total revenue was up 1% year-over-year, iPhone revenue shrank to $ 25.99 billion from $ 29.47 billion a year earlier. That means the iPhone for the first time generates less than half of Apple’s revenue since 2012.
The services business went to $ 11.46 billion and is growing day by day. Mac sales were $ 5.82 billion, while the iPad was $ 5.02 billion, an increase from $ 4.6 billion a year earlier.
In fact, analysts had predicted that the iPhone would generate $ 26.5 billion. The next financial quarter will draw more attention with the arrival of the new iPhone line and two new Apple TV and Apple Arcade services. The company expects revenues of between $ 61 billion and $ 64 billion for the next three months.
Also the company just announced the acquisition of Intel’s 5G modem business which will bring the company 2,200 additional employees. The move will help the company be less dependent on external technology for the production of the iPhone and iPad.