Apple Posts $117.2B in Revenue With More Live Sports On Deck

Article From：Front Office Sports


Apple recorded its largest annual quarterly revenue decline since September 2016, but it has live sports to look forward to in Q2.

The technology company reported $117.15 billion in first-quarter revenue, falling short of analysts’ estimates of $121.1 billion and marking a 5.5% year-over-year decline. Net income reached nearly $30 billion, a drop from $34.63 billion during the same period the year prior.

    Apple’s products segment accounts for $96.39 billion of total net sales.
    Services accounted for the other $20.8 billion.

Apple revealed that it now has 2 billion active devices — up from 1.8 billion last January — which CEO Tim Cook partially attributes to “a lot of first-time buyers in the case of the Apple Watch.”

Its wearables, home, and accessories segment, which includes the Apple Watch, brought in revenue of $13.48 billion.