The latest quarterly earnings report from Apple shows that the company’s idea share is falling.
Apple’s quarterly earnings report has been released, and it doesn’t look good for the company. The tech giant posted a 17% drop in revenue, which was expected to be $49.6 billion. However, the drop in revenue was accompanied by a drop in Apple’s idea share, which fell by 9% to $50 billion. This represents a decline of more than $5 billion since last quarter and is a sign that Apple may be struggling to maintain its market dominance.
In addition to this decline in revenue and idea share, Apple also posted an 8% drop in iPhone sales for the quarter. It also reported an overall decline of 14% for Mac sales and a 15% decline for iPad sales. While these numbers are all rather alarming, they aren’t entirely surprising given that Apple is facing increased competition from Google and Amazon.
