Apple iPhone sales slide as CEO talks augmented reality, AI

Apple beat third-quarter earnings estimates despite a continued decline in iPhone sales. In his commentary, CEO Tim Cook looked to future projects around augmented reality and artificial intelligence. The latest quarter, which ended June 25, brought $42.4 billion in revenue and $7.8 billion in net income, which comes out to $1.42 per diluted share. Those numbers fell short of the $49.6 billion in revenue and $10.7 billion in net income posted by Apple during its third fiscal quarter of 2015. It’s latest gross margin was 38% compared to 39.7% in Q3 2015. International sales made up 63% of quarterly revenue. This is the second quarter in a row Apple reported declining iPhone sales. According to BGR, Apple sold 40.4 million iPhones in Q3 2016, compared to 47.5 million units in…


Link to Full Article: Apple iPhone sales slide as CEO talks augmented reality, AI

Apple iPhone sales slide as CEO talks augmented reality, AI

Apple beat third-quarter earnings estimates despite a continued decline in iPhone sales. In his commentary, CEO Tim Cook looked to future projects around augmented reality and artificial intelligence. The latest quarter, which ended June 25, brought $42.4 billion in revenue and $7.8 billion in net income, which comes out to $1.42 per diluted share. Those numbers fell short of the $49.6 billion in revenue and $10.7 billion in net income posted by Apple during its third fiscal quarter of 2015. It’s latest gross margin was 38% compared to 39.7% in Q3 2015. International sales made up 63% of quarterly revenue. This is the second quarter in a row Apple reported declining iPhone sales. According to BGR, Apple sold 40.4 million iPhones in Q3 2016, compared to 47.5 million units in…


Link to Full Article: Apple iPhone sales slide as CEO talks augmented reality, AI