Apple Has Disappointing Q1 2017 In The Far East

Earnings fell below expectations in the market

Apple has hit another wall in the Far East, after its Q1 2017 earnings fell below expectations in the market. This follows on from a dip in the region last year that was said to be due to growing competition, but continuing poor results increase what has become a 34% drop in sales over the past two years. Decreasing performance in countries like China and Taiwan has had a big impact on Apple’s global earnings, which were announced as 52.9 billion US dollars – below the forecasted 53 billion. However, whilst hardware such as the iPhone has taken a knock, Apple’s services are continuing to grow, drawing in revenue of 7 billion US dollars – up from 6 billion in Q2 2016. 

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