Apple’s sales decline during the end of Pandemic

Apple’s Q1 earnings are out. And it shows the company as the latest tech giant to report economic struggles across the industry. ⁠

Apple reported that sales of its most important product, the iPhone, fell more than 8%, to nearly $65.8 billion. The reasons: fluctuating price of the US dollar across the world and COVID-19 shutdowns late last year across the Chinese manufacturing centers the company relies on.⁠


Tim Cook said many of those manufacturing problems have been resolved, for now. ⁠

Ultimately the reality is, demand for smartphones is falling with smartphone shipments around the world dropping a record 18% in 2022 from the year prior, according to surveys from IDC, the largest-ever decline for the industry.⁠

Do you think Apple will be bounce back from these numbers?

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