APPLE – The end of the smartphone era?

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APPLE – The end of the smartphone era?

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Revenue Down By 5%, Services Up 19%

Apple Reports Net Income Of $19,065 Million For First Quarter 2019 As Revenues Affected By The iPhone’s Struggles In China

Key Resistance: $165

Rating: SELL

Apple (NASDAQ:AAPL) has released its earnings results for the first quarter of the financial year 2019. The company has posted Net Sales of $73 Billion, down by 5% YoY and led by the iPhone’s decline. The Net Sales decline has led to a 0.4% decline in Net Income over the year, and Apple’s Net Income stood at $19 Billion for the previous quarter.

Apple’s Net Sales stand at $73,435 million, down by $5.7 Billion.

Apple’s overall Year-Over-Year Revenue in China, on the other hand, has decreased by $4.9 Billion to $13 Billion

The question that needs asked: Is this the end of the smartphone era? Or, just a bump in the road?

6HR Chart: Cycle Wave 1 Extension

Target: $118

-The Humble Watcher

By |2019-01-29T19:50:43+00:00January 29th, 2019|Categories: Apple, Earnings, NEW|0 Comments

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