No Need to Fret, Apple Is Doing Fine
Home | Mobiles | Mobiles Features No Need to Fret, Apple Is Doing Fine Farhad Manjoo, The New York Times , 28 January 2016 Let's get this out of the way first: Despite what you may have heard, the iPhone is not dying. Neither, by extension, is Apple.
It's true that in an earnings report Tuesday, after weeks of speculation by Wall Street that iPhone sales would finally hit a peak, Apple confirmed the news: iPhone sales grew at their lowest-ever rate in the last quarter. And the company projected total sales of as much as $53 billion (roughly Rs. 3,61,532 crores) in the current quarter that ends in March, which would be a decline of 8.6 percent from last year and Apple's first revenue drop in more than a decade.
But if Apple is now hitting a plateau, it's important to remember that it's one of the loftiest plateaus in the history of business. The $18.4 billion (roughly Rs. 1,25,518 crores) profit that Apple reported Tuesday is the most ever earned by any company ..