Apple's not-so-great Q2 saw declining revenue and iPhone sales, but $10.5 billion profit<article>
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It’s the end of an era: For the first time ever, iPhone sales fell in the quarter ending March 26, which does not 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.</p><p>
After more than a decade of dizzying revenue and profit leaps, Apple is coming back down to earth—at least in its own way, which is still leagues above most companies. The company reported $10.5 billion in profit on $50.6 billion in revenue. So what’s going on? iPhone sales are down, as expected, though the company sold 51.2 million of them in Q2, beating the 50.7 million estimated units sold. Apple just didn’t sell as many iPhones as it did in Q2 of 2015, which was a record-breaking quarter with 61.2 million units sold.</p><p class="jumpTag"><a href="/article/3061933/hardware/apples-not-so-great-q2-saw-declining-revenue-and-iphone-sales-but-10-5-billion-profit.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Apple's not-so-great Q2 saw declining revenue and iPhone sales, but $10.5 billion profit
