Revenue from the iPhone dropped by 17% in the second quarter, compared with the same period a year earlier, to $31 billion (£23.7 billion). However, Apple chief executive Tim Cook said sales were stronger towards the end of March - including in China, where it cut iPhone prices to boost demand. At the beginning of this year, Apple was forced to issue a rare profit warning because of slowing sales of its iPhone, predominately in China. "With those surveyed suggesting cost matters more than new features such as foldable displays - which are coming to great industry fanfare - the existing smartphone market looks set for further disruption in the near future." In the UK, Apple is expected to account for nearly 42% of smartphone users this year (19.2 million), according to market research firm eMarketer.

Source: Daily Mirror May 01, 2019 10:07 UTC