One of the big surprises in Apple’s holiday quarter was the weak iPhone volume — iPhone sales came in at slightly below 48 million, missing the consensus expectation of 50-52 million units. But an even bigger surprise was where Apple’s (AAPL) sales growth softened the most: in the U.S. and the surrounding region. In the autumn quarter, the Americas region still delivered robust 44% annualized sales growth even as growth in Asia-Pacific and Europe cooled down to 15% and 8%, respectively. For the Christmas quarter, many expected further European weakness and American strength. Instead, revenue growth in North and South America fell all the way to 15%, while Asia and Europe maintained 10-11% growth rate. Various sales surveys, including Kantar Worldpanel,
Reported by Boy Genius Report 1 day ago.
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