Apple revenue sees first fall in 13 years

Apple reported a drop in iPhone sales for the second quarter Tuesday, and with it the company's first fall in quarterly revenue in 13 years.

Apple sold 51.2 million of its signature devices in the second quarter, a decrease of 16 per cent year-on-year. Revenue and income also fell sharply.

Revenue was down 13 per cent to 50.56 billion dollars, the company's first drop in quarterly revenue since 2003.

Apple's profits sank by more than a fifth compared to the same quarter a year before to 10.5 billion dollars.

The results missed the expectations of analysts, who had expected a smaller drop in sales.

Last update: Tue, 28/06/2016 - 17:25
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