Apple raises dividend after iPhone sales down 17% in Q2

It is also expected that this year Apple might also increase the battery capacity of the iPhones.

The wearables, home and accessories business revenue jumped 30% to $5.1 billion. Perhaps this is the calm after the storm, or maybe it's the calm before the storm, but either way there seems to be a tranquillity in the air, with Apple up around 5 percent in after-hours trading.

For its fiscal third quarter to June, Apple forecast revenues of United States dollars 52.5-54.5 billion, little changed from USD 53.3 billion reported in the year-earlier period.

The Apple CEO also said the pricing change on some of its iPhone models in India had improved results for Apple in the country. That dents hardware profit margins, but creates a larger base of device owners to support an expanding roster of digital services. "Apple has the world's most valuable user base of premium smartphones, tablets and smartwatches". The patent explains the technology would even have the potential to read a persons vitals like heart and respiration rates.

Apple's sales are still shrinking amid weakening iPhone demand, despite the company's increasing emphasis on services created to bring in a steady flow of money from the 1.4 billion of its devices still in use.

Apple already has attracted more than 50 million subscribers to a music streaming service it started four years ago.

Expect more ads in the App Store in future. Apple Retail technicians also suggested consumers buy new iPhones instead of fixing them.

Explaining the rationale behind this decision - which was first announced last November - Apple's Luca Maestri during an earnings conference call past year explained that the "number of units sold in a quarter is not representative of underlying state of business". That refers to Kelley Blue Book, a publication that helps set the value of used cars.

Services revenue grew 16%, year-over-year, in the fiscal second quarter.

The newly upgraded AirPods (2019) come with better connectivity and battery life than the original AirPods, and sport a new "Hey Siri" voice activation feature thanks to the inclusion of Apple's proprietary H1 headphone chip. It recently introduced an online news service for $9.99 (roughly Rs. 700) a month. It's now is aiming to sign up tens of millions more to the video service, as well as others for video games and news.

Highlighting the focus on services, Apple hosted an entire event last month that featured only new services, including Apple TV Plus, Apple News Plus and its Apple Arcade gaming service, which all require a subscription.

The Cupertino, Calif. -based company has been jockeying with Microsoft Corp and for the title of most valuable USA company as all three have passed the symbolic trillion mark.