Apple’s revolutionary iPhone has accounted for less than half of Apple’s total revenue in one of the company’s fiscal quarters for the first time since 2012.
Apple has undergone a major shift.
For the first time since 2012, the iPhone accounts for less than half the firm’s overall revenue.
It’s not far off, at 48% for its fiscal third quarter. But that number is sure to keep falling.
In further good news for Apple, its overall revenue was up for the quarter. In other words, Apple is capable of making money from things that aren’t the iPhone faster than iPhone sales are falling.
That is a major milestone for the company.
MacDailyNews Take: Far too many people, including many Wall Street analysts, are today stunned over the diversity of Apple’s product and services offerings.