.Win Apple plays soothing iPhone hold music
Apple is playing some soothing iPhone hold music. The tech colossus sold nearly 51 million smartphones despite maturing markets and a resurgent Samsung following its exploding-battery crisis. App-store sales also grew nicely, and more dividends and buybacks are on the way. That should pacify investors until Apple rolls out the 10th anniversary edition of its pioneering device.
Smartphone sales for all vendors globally have slowed, to only about 4 percent in the first quarter, according to research outfit IDC. In one way, that's a bad omen for $770 billion Apple. The iPhone generates more than 60 percent of its revenue and profit. At the same time, most customers have settled on either Android devices or Apple's.
Chief Executive Tim Cook is focused on milking these users in many ways. It's selling them more apps, storage, support and music.
written by dho dhonn
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