Apple's $1 trillion value at risk after earnings stumble


Worldwide sales made up 61 per cent of the total number. Analysts were looking for $92.7 billion, according to data compiled by Bloomberg.

The Cupertino, California-based company has blamed weakness in emerging markets and foreign exchange costs for a disappointing forecast for sales in the run-up to Christmas that are crucial to results for consumer electronics producers.

Strangely Cook said was unsure whether it can make enough new iPhones, Apple Watches, iPads and Mac models it released in recent weeks. Apple (aapl) instead suggests focusing on, you know, making money.

Apple's sales guidance for the critical holiday season also spooked investors. That was a disappointment, considering there were no big iPhone launches in the same period previous year.

Meanwhile chief executive Tim Cook revealed the tech titan will stop reporting unit sales for its iPhones, iPads and other products.

The iMac to iPhone company, co-founded to sell personal computers by the late Steve Jobs in 1976, became the first company to be valued at $1tn in August when its shares topped $207.05 for the first time. But the growth in the number of iPhone units that the company sold was flat, with the revenue growth largely coming due to increase in the average selling price of the iPhone and momentum with Apple services. With a starting price of $749, it's expected to be a popular holiday gift, luring owners of older iPhones to upgrade. Region-wise, all five categorised markets turned in positive revenue, with Japan's 34 per cent rise leading the pack.

More news: NBC Airs Racist Trump Ad About Immigration, Migrant Caravan
More news: Ryan Reynolds Launches Fake Smear Campaign Against Hugh Jackman
More news: Floyd Mayweather Jr. schedules bout in Rizin Fighting Federation

Representational Image: Apple Q4 2018 quarter results: Service revenues record new high. Apple hasn't launched any notable new offerings lately in this category, which includes iCloud and Apple Music subscriptions, app downloads, and iTunes video purchases.

For the quarter ended in September, Apple brought in $62.9 billion in revenue, beating expectations of $61.5 billion respectively. Inc. and Netflix Inc. tumbled about 20 percent each last month as the sector was pummeled by rising interest rates, and concern over the economic outlook and tariffs.

Apple shares were down 6.4 pct at US$208.05 before the bell.

Apple's revenue from other products recorded the maximum growth, bringing in US$4.23 billion, up by 31% YoY.

Apple's decision to hide the sales of iPhone, iPad and Mac in terms of unit, also hints about the rainy days Apple could be witnessing in the quarters to come - sales of iPhone going negative. Even as the company saw record iPhone sales globally, India continued to be a low point.