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Apple posts its first-ever decline in iPhone sales

Sells 51.2 million iPhones in the second quarter, down from 61.2 million; sales drop more than a quarter in China

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Apple

Reuters  |  Bengaluru 

A man inspects an Apple iMac at an electronics store in Mumbai. Photo: Reuters Apple on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company, credited with inventing the smartphone, struggles with an increasingly saturated market. The company's sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues. Its shares fell about 8%, dropping below $100 for the first time since February. A hike in ...

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First Published: Wed, April 27 2016. 08:10 IST
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