Work Life Balance in Australia Continues to Evolve
Work life balance in Australia has become an increasingly important topic as employees and employers rethink traditional work structures. Flexible work arrangements, remote work, and changing[...]
There’s a first time for everything, but Apple’s recent firsts aren’t something to celebrate. For the first time in its existence, iPhone sales have fallen 16% year-over-year. Apple has also posted its first year-over-year decline in quarterly revenue in 13 years, as profit and revenue growth have slipped.
The company’s quarterly profit fell 22.5% as sales of iPads, iPhones and Macs dropped. Stockholders have predictably reacted by selling their shares in Apple, resulting in a fall of 8%, or the equivalent of approximately $US50 billion.
Apple CEO blamed the strong dollar and said that the drop was a “pause in our growth” in a “busy and challenging quarter”. It is also worth noting that Apple is releasing an all-new iPhone 7 and iPhone 7 Plus handsets in September, which is sure to boost sales. It’s not the end of Apple but the revenue fall is indicative of a smartphone saturated world.
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