Apple reported that iPhone sales declined 2.4% during the fiscal third quarter and was slightly below Wall Street forecasts.
Apple sold $39.67 billion worth of iPhones during the fiscal third quarter of this year which covers the months of April through June. This result was 2.4% lower than the $40.67 billion in iPhone revenue collected by Apple over the same fiscal quarter last year. The number also failed to meet Wall Street estimates of $39.91 billion. Apple generated $5.79 billion in iPad sales during the quarter which wasn’t close to Wall Street consensus of $6.41 billion. Year-over-year, this was a 19.8% decline driven by the end of the pandemic. Lack of an exciting new model also was to blame for the decline.The Wearables, Home and Accessories segment, which includes popular devices such as AirPods and the Apple Watch, reported a small 2.5% increase in sales on an annual basis. For the just-completed quarter, the unit took in $8.28 billion. The company’s second-largest division, Services, had another strong quarter with revenue of $21.
