Apple releases Q2 2016 numbers, reports $10.5 billion profit, but first decline in revenue in over a decade
Date: Tuesday, April 26th, 2016, 14:33
Category: Finance, iPad, iPhone, News
The good news is that Apple made billions and billions of dollars in profits last quarter.
The bad news is that this represents a lower profit than Q2 of 2015.
For the first time ever, iPhone sales fell for the quarter. While this doesn’t include iPhone SE sales, Apple reported its first quarterly revenue decline in 13 years on Tuesday, which came as no surprise to the company and the investors and analysts who closely follow its finances.
After more than a decade of amazing revenue and profit leaps, Apple reported $10.5 billion in profits on $50.6 billion in sales. iPhone sales were down, the company selling only 51.2 million units in Q2, this number falling short of the 61.2 million iPhone units sold in Q2 of 2015.