Apple and Samsung phone sales are down, and $1,000+ prices are one reason why

[Andy Meek]

There was at least one common theme reflected in the earnings that handset arch-rivals Apple and Samsung both reported this week - declines in revenue attributable to both companies’ pricey smartphones.

Apple, for its part, no longer breaks out unit sales anymore but did disclose a decline in iPhone revenue Tuesday of 12% compared to the same quarter in 2018. The iPhone maker generated $25.99 billion in revenue from the smartphone during its most recent fiscal quarter, down from a little more than $29 billion in the year-ago period. At Samsung, the story was similar.

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Apple and Samsung phone sales are down, and $1,000+ prices are one reason why originally appeared on BGR.com on Wed, 31 Jul 2019 at 20:08:23 EDT. Please see our terms for use of feeds.

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