Apple reports first drop in revenue in over a decade now Teeloaded || Nigeria no #1 Entertainment and music portal : Apple reports first drop in revenue in over a decade now



Wednesday, 27 April 2016

Apple reports first drop in revenue in over a decade now

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Apple has reported its earnings for Q2 2016 which runs from the beginning of January to the end of March and as expected, things are
not looking so good in the Apple Share price.

Everything from sales to revenue has gone down. The Apple Incorporation company sold fewer iPhones, iPads and Macs versus both last quarter and the same quarter last year. Meanwhile, Apple made $10.5 billion in profit and $50.6 billion in revenue, compared to $13.6 billion in profit and $58 billion in revenue in Q1 of 2015..

You can see the overall sales report of Apple Share below:

For The Apple Incoporation, this is historic, albeit for the wrong reason as this is the first time Apple’s revenue/ Apple shares and the iPhone sales have declined
significantly compared to the same period a year ago.

According to Tim Cook,

“Our team executed
extremely well in the face of strong
macroeconomic headwinds. We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our
growing base of over one billion active devices.”

Meanwhile, Apple is also predicting that they would have an even lower revenue in Q3 of 2016 – $41-43 billion.

UPDATE: Just a tiny reminder, despite the
sales report, Apple is still insanely rich and
just to understand how rich they are, see this
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