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Apple reports Q2 earnings: Revenue drops, iPhone sales sink for first time ever

Apple’s second-quarter earnings report for fiscal 2016 is historic for all the wrong reasons. The iPhone has driven growth at a breakneck pace for nearly a decade now, and has helped Apple consistently post on-year sales and profit growth in every quarter. But in the March quarter this year, Apple’s revenue declined for the first time in 13 years as the pillar on which Apple has stood since 2007 finally began to crack. For the first time ever, Apple’s iPhone sales declined, dropping significantly in fiscal Q2 2016 compared to the same period a year ago. MUST SEE: 20 apps that hardcore iPhone fans can’t live without No one was surprised on Tuesday afternoon when Apple reported declines in both revenue and iPhone units sales. The company’s second-quarter guidance issued alongside its record-breaking first quarter report  called for revenue to fall between $50 billion and $53 billion last quarter, down from just over $58 billion in the fiscal second quarter last year. But, about that first-quarter record… In the fiscal first quarter of 2016, Apple managed to narrowly top the prior year’s profit, revenue and iPhone sales records — but it took a bit of craftiness to get the job done. I explained it in

Quoted from Apple reports Q2 earnings: Revenue drops, iPhone sales sink for first time ever on Gadgets News Headlines – Yahoo! News

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