Apple management has released a new quarterly report. Despite overall revenue growth, iPhone sales declined significantly.

Despite the fact that the global smartphone market is undergoing some of its best times, the share of Apple mobile gadgets continues to fall faster than its competitors. According to a new quarterly report from Apple, iPhone sales in the past three months have broken the record. Cupertino companies managed to make $ 26 billion from their smartphones, which is almost $ 4 billion less than in the same period last year.

In percentage terms, iPhone revenue was only 48%. Thus, in the third fiscal quarter of Apple 2019, the company received less than half of the total revenue from sales of its smartphones for the first time in seven years.