Apple will reduce international prices for future iPhones

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During its earnings call yesterday, Apple revealed that its quarterly revenue for fiscal 2019’s Q1 (which ended on December 29, 2018) was down by 5 percent compared to a year ago, at just over $84 billion. It also shed light on why that happened: people bought fewer iPhones. About 15 percent fewer, to be precise. That might sound bad, but it’s worth noting that Apple still made nearly $52 billion from selling iPhones last year. It also highlights the fact that we may have reached a saturation point with iPhones for the time being. Plus, there might be a fix.…

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