Apple is selling less hardware, the Nintendo NX is probably a home/portable hybrid,Pokemon Go Plus gets delayed, Twitter for Android gets a Night Mode, and possibly the happiest gamer in the world.
Apple Hardware Sales Are In Decline
Apple has reported its earnings for Q3 2016, and while things are still ticking along nicely, the company’s hardware has taken a major hit. Thankfully apps and services are filling the void, allowing Apple to keep making billions of dollars.
Quarterly revenue was down, from $49.61 billion last year to $42.4 billion this year. Quarterly net income was also down, from $10.7 billion last year to $7.8 billion this year. Falling hardware sales can be blamed for this, with the iPhone, iPad, and Mac all taking a hit.
Apple sold 40.4 million iPhones during the last quarter, down 15% from the 47.5 million iPhones sold during the same quarter last year. Sales of iPads dropped 10.5% from 10.9 million last year to 10 million this year, and sales of Mac dropped 8.3% from 4.8 million last year to 4.3 million this year. So, Apple is failing (relatively speaking) when it comes to products.
However, on the flip side, Apple is succeeding when it comes to services, bringing in $6 billion during the last quarter, a rise of 19% year-on-year. The App Store, Apple Music, Apple Pay, and iCloud are all generating serious amounts of money, and Tim Cook stated that the company expects services alone to be “the size of a Fortune 100 company next year”.