Apple’s iPhone revenue in fiscal 2019’s first quarter
In the first quarter of fiscal 2019, Apple’s iPhone revenue fell 14.9% YoY to $52.0 billion from $61.1 billion and accounted for 62% of its total sales, compared with 69% in the quarter ended December 2017. This massive revenue drop was primarily due to declining iPhone sales, especially in China.
On the positive side, Apple’s revenue from other products grew in fiscal 2019’s first quarter. While the company’s Mac and iPad revenue rose 8.7% and 16.9% YoY, respectively, its wearables, home, and accessories revenue surged by 33.3% YoY.
Apple’s falling Chinese revenue and iPhone sales continue to worry investors. Next, we’ll look at how the company’s services segment performed in the first quarter.