First Quarter iPhone Sales Below Expectations

Worldwide iPhone sales in the first quarter of 2017 reached only 50.8 million units. This figure is lower than sales in the same quarter of the previous year, which were 51.2 million units. This achievement is also lower than analysts' estimates of 52 million units.

According to Apple Inc. CEO Tim Cook, there has been a slowdown in consumer iPhone purchasing habits. They may be waiting for the latest Apple gadgets to be released this coming September. According to circulating news, this year's iPhone will be a special product, different from previous releases.

Despite the decline in iPhone sales, the American technology company recorded an increase in revenue to US$52.9 billion in the second quarter ending March 2017. This is higher than the same period the previous year, which was US$50.6 billion.