Apple Watch shipments declined a staggering 71.6 percent this summer, according to IDC, with Apple shifting just 1.1 million units during the third quarter. During the same period last year, the company sold an estimated 3.9 million units.
Even though the iPhone 7 was only on sale for two weeks during Q3 2016, it accounted for more than 40 percent of all iPhone sales in the United States, according to Consumer Intelligence Research Partners.
iPhone sales continued to decline in China during the second quarter of 2016, despite a slight rise in overall smartphone shipments. High-end devices from Samsung are also struggling, and it seems unlikely the situation will change soon.
Apple today revealed its results for the third fiscal quarter of 2016, and they make for surprisingly pleasant reading for investors. The company reported revenue of $42.2 billion and quarterly net income of $7.8 billion after App Store sales hit an all-time record.
Nobody’s expecting big things from Apple’s quarterly earnings call this Tuesday, but it is possible that we’ll hear one incredibly significant metric announced at the event: Apple’s sale of its billionth iPhone.
While it is likely that iPhone sales will continue to decline this quarter — with 40 million likely to be reported as the number for the past three months — the billionth sales mark would serve to underline once again just what an enormous success the iPhone has been for Apple.