Apple as a cash generator for life although price Drop down and up
Apple Services remain the strongest performer with a 14% growth. This indicates that users are purchasing fewer hardware products but are still deeply engaged in the ecosystem, paying for more Apple Services even with older devices.
The actual results from Apple showed a 10% decline in iPhone sales, which aligned with the estimates made by external organizations. However, Tim Cook stated that iPhone sales in China had increased, contradicting reports of struggling sales in the region. He stopped short of providing an actual growth figure.
the release of Apple's results, expectations were low due to data compiled showing a shrinkage in iPhone shipments in quarter 1 on a year-over-year basis. IDC reported a global iPhone shipment decline of 10%, while Counterpoint reported a 19% drop in iPhone sales in China.
As my iPhone is almost 3 years old, and I don't intend to change it until it stops working. I didn't replace my iPad Pro after it died, and my MacBook Pro is still running fine. Come to think of it, I haven't bought an Apple product for years. However, I have definitely used Apple Pay, contributing to its Services revenue. My personal consumption appears to mirror Apple's financial results.
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