Apple has reported revenue of $50.6 billion with a net profit of $10.5 billion in their earnings for the financial year Q2 2016 that ended March 26, 2015. Revenues were down 13% year-over-year and quarterly profit fell 22.5% as revenue declined for the first time since 2003. Sales were down across all the categories. Apple sold 51.2 million iPhones in the quarter compared to 61.2 million in the year-ago quarter, a decline of 16%. Continue reading “Apple reports first quarterly revenue drop in 13 years, 51.2 million iPhones sold in FY Q2 2016”
