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Apple Revenue Declines For The First Time In 13 Years

April 25, 2016

But as the smartphone market matures, Apple has been looking into other areas of growth, including wearables, augmented or virtual reality, and a rumored electric car. On Tuesday, Cook did not directly address any of those projects.

“The future of Apple is very bright,” Cook said in a call with investors. “Our product pipeline has amazing innovations in store.”

Last year, it released the Apple Watch, its first major product since the iPad. The watch was Apple’s first move into wearables, and already, it has captured 13.4 percent of the wearable tech market, according to research firm Parks Associates.

From the article "Apple Revenue Declines For The First Time In 13 Years" by Wendy Lee.

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About Parks Associates

Apple Revenue Declines For The First Time In 13 Years

Previously In The News

Report: U.S. Households Will Buy More Than 10 Million Smart Home Controllers in 2021

The New Face Of Digital Piracy: Part One

Millennials are the generation most likely to use another person's Netflix account, with 18 percent admitting to illegal streaming, survey finds

More than 50% US broadband households subscribe to both pay-TV, OTT video service

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