dcsimg
December 11, 2016
Hot Topics:

iPhone, iPad Sales Decline Sharply

  • July 27, 2016
  • By Developer.com Staff

For the second quarter in a row, Apple's revenue and net income fell. The company reported $42.36 billion in revenue, a 15 percent decline year-over-year, and net income sank to $7.8 billion from $10.7 billion a year ago. Still, those numbers beat most analyst expectations, which was good for the company.

Falling device sales contributed significantly to the earnings declines. iPhone sales were down 15 percent, iPad sales fell 9 percent, and Mac sales were off 11 percent. However, the mobile development industry contributed to one bright spot in the report: App Store revenue "was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record," Luca Maestri, Apple's chief financial officer, said. The company's services business also rose, growing by 19 percent year-over-year.

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