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Apple's price reduces Apple

Apple's price reduces Apple


Apple chief Tim Cook, the chief technology expert of the iPhone, has lowered the price of the iPhone. He said they may reduce the price of iPhone to increase sales in some areas. This information was given on Wednesday in BBC Online reports.
It has been reported in the report that the iPhone's quarterly last report showed that the company's income declined by 15 percent. The company's income declined 5 percent compared to a year ago. However, the idea of ​​reducing income was already predicted. Because the technology company had earlier warned investors that their revenue revenues could stand at $ 84 billion, which is less than expected.
That is why the company claims that China's economic slowdown is largely responsible. In the last three months, the company has lost 1% of its profits, at a financial cost of 19.97 billion.
But chief executive Tim Cook said, customers are also struggling to buy due to high prices. He says, where the dollar is in excess of the price, the product becomes more expensive, therefore, the sales decline in the emerging market.
Cook said that the company has started working from this month to redefine the prices of mobile phones in the markets where the inflation is in place. However, officials of the organization say that the challenge of the company would be for some more days.

Apple is estimated to have 55-59 billion businesses in the three months up to March 31, which means 3.4 percent less revenue than last year. Apple's chief financial officer Luca Maestri believes that the situation will continue for some more days due to the economic recession of emerging economies.
But Apple alone did not have such problems. Canalis, a market research firm, said 5 percent of mobile smart phone supply in the world has fallen in 2018. Apple's share price has dropped nearly one-third since October, because there has been concern among investors that consumers' desire for iPhone has decreased. This increased the risk when Apple announced that they will not be able to tell the information about the amount of iPhone, iPad and Mac sold every three months.
According to the BBC report, Apple's sales in China decreased 25 percent in the last three months compared to the previous year, and Europe dropped 3 percent. However, sales in the US increased by 5 percent. Business services in the country grew by 19 percent to $ 10.9 billion.
But Cook said he was confident about business. As a result of this, continued sales of iPad and Mac and service tax service like Apple Pay.
"It's frustrating to not be able to achieve our revenue target, but we have been able to stand taller Apple. In the last three months the information is actually exposing the underlying power of our business, '- says Tim Cook.

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