People are wondering alright. But more about your ridiculous rants on Apple supposedly failing.
iPhone sales aren't dropping. They're leveling off. There's a difference. Dropping would be like Samsung going from 80-100million a year down to 40-50 million a year. They sank like the Titanic.
Apple has around 900 million iPhone users last time they reported figures. If they upgrade every 5 years that's still 180 million sales a year. In order for Apple to continue dropping they would actually have to lose active users every quarter. And that's just not happening. In fact Apple specifically stated active installed base of iPhone users is at an all-time high. They also stated that last quarter as well. The cause of lower sales is nothing more than people hanging on to their iPhones longer than previously.
Actually it is happening. iOS marketshare in the last quarter sank 2.2% in the United States and 5.5% across Europe. People are leaving. It’s being buried in misrepresented numbers and metrics. Just have to do a little digging for the meaningful metrics is all.
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Those things depend, to a great degree, on iPhones, yes.
But they don't depend on new (and increasing) iPhone sales. They depend on iPhone ownership and use. iPhone install base continues to grow, and that's what matters more when it comes to those products and services. (Though they could grow for quite a while even if iPhone install base stopped growing.)
Apple doesn't have a problem with losing iPhone customers or users. The issue is elongating purchase cycles. That issue has been anticipated - even in effect - for quite some time. And Apple has been taking steps - fairly effective ones - to deal with that anticipated reality. The reality is that iPhones remain effective for most people's use needs for a long time. There's less need to upgrade. And Apple has embraced that reality. It, e.g., offers updates for iPhones which are many years old. Rather than that reality being a negative, it's a positive - and Apple has worked on turning it into a positive. iPhones represent even better values because, more often, newly purchased iPhones are going to be used for 3 or 4 or 5 years.
iPhone unit sales peaked in CY 2015 and they've dropped every year since then. That isn't something new and it isn't, for the most part, because of things which Apple has done wrong. It's the reality of a product market that is maturing (or has matured) in many important geographic markets. And it's because iPhones have gotten better and remain useful (relative to what's new) longer.
As for why net income fell: Gross margin was nearly flat - $20.2 billion as compared to $20.4 billion in the year-ago quarter. It may even have been up if we back out the one-time item (from the year-ago quarter) relating to the resolution of lawsuits. So profit didn't fall because Apple made less money selling products and services. It fell mostly for other reasons. For instance, R&D spending increased by 15%, non-operating income fell by 45%, and Apple's effective income tax rate increased from 13.3% to 15.7%.
iOS marketshare fell 2.2% in the United States last quarter and over 5.5% across
Europe. Their base isn’t increasing, it’s decreasing slightly. But I expect a larger shift once the new hideous design is announced.