This significant decline in the market value of the company occurred after the release of financial statements and the decline in the value of securities by 5%. New smartphone sales were not reported for the fourth quarter due to their late launch. As a result, iPhone sales for this period in annual terms decreased by 20.7% and amounted to $ 26.4 billion.
According to analysts' forecasts, the new iPhones with 5G technology will be among the top sellers in China. But in the fourth quarter, smartphone sales in this country fell 28.5% to $ 7.95 billion.
There is also good news: the company's revenue was $ 64.7 billion, beating analysts' expectations ($ 64 billion). Sales of Mac computers grew by 29% year-on-year to $ 9 billion, iPads - by 46% ($ 6.8 billion). The company's services revenue increased by 16.3% in annual terms, amounting to $ 14.5 billion.
