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Sinking iPhone sales aren’t just hurting Apple

The price of Apple shares dropped like a rock earlier this year after the company reported a worse than expected decline in iPhone sales for the March quarter. On year, iPhone units sales plummeted by 10 million iPhones, which inevitably led to doomsday prepping among finicky investors. The tide turned quickly though, and Apple share have since recouped those losses and then some when June-quarter earnings were better than expected . Of course, iPhone sales are still sinking despite how well the fiscal third quarter was aligned with investor expectations, and Apple isn’t the only company that relies on iPhone sales as its chief moneymaker. MUST READ:  The iPhone 7 is going to be so much more exciting than you think In the June quarter this year, Apple managed to ship 40.4 million iPhones. That figure is hugely impressive and it was in line with Wall Street’s expectations, but it still represents a steep decline compared to the same quarter last year, when Apple sold 47.5 million iPhone units thanks to insanely strong iPhone 6 and iPhone 6 Plus sales. For Apple, that meant seeing its fiscal third-quarter revenue slide to $42.4 billion this year compared to $49.6 billion in

Quoted from Sinking iPhone sales aren’t just hurting Apple on Gadgets News Headlines – Yahoo! News

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