Apple revenue falls for the first time since 2003. Oh well, it was pretty much expected … over the past few years, the sales of iPhones have fallen. I’m starting wondered why their products are becoming less and less innovative.
Come on! … Give us something juicy! We need it, we want it … and don’t tell us what we need. You GIVE us what we need. Reverse psychology here.
“Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped. The technology giant reported quarterly sales of $50.56bn (£34.39bn) down from $58bn last year – the first fall in sales for the company since 2003.
Apple sold 51.2 million iPhones during the quarter, down from 61.2 million in the same quarter of 2015. China was a particular weak spot – sales there fell 26%. Results were also hit by the impact of a stronger dollar.
Apple shares fell 8% in after hours trading. Its shares have fallen close to 20% over the last twelve months. Apple’s chief executive Tim Cook said the company performed well “in the face of strong macroeconomic headwinds”.
Source: BBC
