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iPhone, accessories price cuts in China help sales – Apple
- Thursday | 2nd May, 2019
After Apple slashed prices in China, iPhone sales picked up towards the end of the quarter and revenue rose from iPads, wearables and services. (Reuters) – Apple Inc said sales in China were stabilizing and touted how increasing demand for services and accessories such as Apple Music and the Apple Watch helped offset a record drop in iPhone revenue. Apple has wrestled with a slowdown in iPhone sales in key markets such as China and saw its first ever year-over-year decline in iPhone revenue for the holiday shopping season. “The sum of all of this together, it helped us.”Investors are looking to Apple’s services business to fuel growth as iPhone sales slow. In an interview, Apple Chief Executive Tim Cook said that iPhone sales started to strengthen during the last few weeks of the fiscal second quarter, including in China.
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