dcsimg
December 7, 2016
Hot Topics:

Apple Reports First Profit Decline in 15 Years

  • October 26, 2016
  • By Developer.com Staff

For the first time since 2001, Apple's annual profits declined. On Tuesday, the company reported annual revenue of $215.6 billion, 8 percent less than the previous year. Profits were $45.7 billion, a 14 percent decrease year-over-year.

The bad news for the mobile development industry is that much of the decline was due to lower sales of the iPhone. For the quarter, the company shipped 45.5 million iPhones, 5 percent less than last year. However, analysts say that Samsung's recall of the Galaxy Note 7 could result in sales increases for Apple during the next quarter.

View article






Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 


Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

Sitemap | Contact Us

Thanks for your registration, follow us on our social networks to keep up-to-date
Rocket Fuel