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The decline in hardware sales was more than made up for by increases in Oracle's main software business.
There is still a "decline in hardware" according to HP CFO Cathie Lesjak.
And HP missed earnings expectations in Q4 2012, thanks in part to a continuing "decline in hardware".
Xerox, like other printer and copier companies, is trying to offset the decline in hardware sales by expanding its focus beyond hardware to software and document solutions.
Solid growth in services and software more than compensated for a decline in hardware revenue in the nine months ended September.
The biggest question surrounding this is whether miners caught wind of the upcoming crash and stopped investing in hardware, or if the decline in hardware sales caused investors to question the long-term interest in cryptocurrency mining.
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The International Business Machines Corporation said yesterday that its earnings edged up four-tenths of a percent in the second quarter as sharp declines in hardware sales were offset by gains from the company's computer services and software divisions.
And, in the second quarter, the firm also posted year-over-year declines in hardware income.
Nevertheless, Asia Pacific was actually the only region where Apple saw declines in hardware sales in Macs.
The firm posted sequential-quarter declines in hardware sales, for example, from the first quarter of this to the second.
Sales were hurt by a 9.5percentt decline in the hardware business, which includes mainframes and computer servers.
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