Apple's iPhone loss is Verizon and AT&T's gain, and carrier subsidies are to blame

Apple will be fine. Despite the unprecedented 15% drop in iPhone sales, its $19.97 billion net income is just shy of the record-setting $20.07 billion a year ago. Apple's cash pile grew to $245 billion, and the installed user base of iOS devices grew to 1.4 billion, paving the way for future increases in the already record-breaking services revenue which has the highest gross margins out of all of Apple's business segments.

Still, the top revenue number was less than analysts expected at the beginning of this past quarter and in line with Apple's unprecedented sales warning earlier ...

Source PhoneArena http://bit.ly/2MHH3jq
via Seoandserver