The race without Apple’s brakes stop with iPhone sales down for the first time in history. Apple in the second quarter of the fiscal year with a net profit down 22% to $ 10.5 billion, or $ 1.90 per share, below analysts’ expectations, betting on $ 2.00 per share. Revenues were down 13% to 50.6 billion dollars. The results below expectations sink Apple stocks in after hours trading, where do you lose 8%. It was a “tough quarter,” said Tim Cook in an interview with the Wall Street Journal, noting that Apple has had to face “strong headwinds.”
To weigh is the slowdown in iPhone sales: after eight years unchallenged growth since it was launched in 2007, sales were down in the quarter, down by 16.3% to 51.19 million iPhone against 61.17 million in the same period last year. The accounts will also feel the slowdown in China. Sales in the second economy in the world fell by 26% to $ 12.5 billion. For the third quarter, Apple expects revenue of 41 billion to 43 billion dollars, below expectations of analysts betting on 47.3 billion dollars. The first drop in Apple’s revenues in 13 years feeds the doubts of the analysts on the prospects of the company. Over the past 13 years Apple has come a long way, from a market capitalization of 5 billion dollars to 579 billion dollars, with which the company is worth more to the world.
The iPhone it is Apple’s growth engine and its first brake is immediately felt on Cupertino accounts, confirming the doubts of observers in recent months. The iPhone accounted for 65% of Apple’s revenue in the second quarter. The iPhone’s slowdown was not balanced by other products. The iPad sales fell for the ninth consecutive quarter, falling by 19% to 10.25 million units. In announcing the Apple accounts states that will expand the capital distribution plan to shareholders, including dividends and share repurchases. Apple plans to distribute $ 250 billion by March 2018, an increase over the $ 200 billion planned for March 2017.
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