This graph proves all the negative headlines about the Apple iPhone today are wrong

Apple hits a new record

You might have seen stories this morning about the decline of the Apple iPhone, after the company warned sales of the device are likely to fall for the first time ever.

Releasing its quarterly results, the company said it was likely to see a small drop in sales in Q2 of 2016, compared with the same period of the previous year. Apple predicted revenue would fall to between $50bn and $53bn during Q2, below the $58bn in the same quarter in 2015.

In addition to this news, Q1 results were down on analysts’ predictions. Revenues of $75.9bn came up slightly short of estimates of $76.6bn, which isn’t great news for the company.

However, what’s missing from headlines today is the news iPhone sales hit a record level.

In its first quarter of this year, Apple sold 74.8 million iPhones – a new record – compared with 74.47 million over the same period last year.

iPhone unit sales gif

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO.

“The growth of our services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

 

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