iPhone sales have fallen again, dropping by a massive 15% between April and June compared with the same period last year.
Apple sold 40.4 million iPhones in the last quarter, higher than analysts were expecting, but still much lower than the 47.5 million smartphones it sold a year ago.
iPad sales were also down, dropping to 9.95 million from 10.9 million. The fall in sales comes despite Apple launching the iPhone SE and a new version of the iPad Pro earlier in the spring.
However, Apple stock surged on the news, which was not as bad as many keen watchers of the company had feared.
Speaking on a conference call after the results were announced, Apple CEO Tim Cook struck a buoyant tone and dismissed concerns that sales of the iPhone 7 would be sluggish, even though that device is expected to offer no more than a modest update on last year’s models.
“So what the future holds, we'll see, but I'm very optimistic about the future because I see so many signs that are positive.”
The iPhone 7 is set to launch around September 12th, according to reports.