Stock falls after the earnings layer; The iPhone Sales Glid

On By Littum

Apple reported $ 69.1 billion in iPhone sales in the first quarter, fell 1% off a year ago, and the missing Wall Street analyst estimates $ 70.7 billion.

Apple saw double digit growth in its Mac, iPad and Services devices. The segments increased 16%, 15%and 14%respectively.

Among regional segments, Japan stood at $ 9.0 billion, an increase of 16%. The Europe segment, also home to Apple’s fast growing markets in India and the Middle East, so that revenue increases by 11%.

But analysts expected that larger China -income would be flat in the year and regional sales fell 11%, indicating that Chinese demand is not yet tied to Apple

Apple’s gross profit margins are always closely monitored by 46.9%, an increase of 1.0 percentage points from a year ago. The gross margin of the service was 75.0%, an increase of 2.2 percentage points from last year. The products gross margin were slightly down.

Apple bought $ 23.6 billion back in the quarter against $ 20.1 billion the year before.

Shares are now down a little in the post -time trade on Thursday after the report.