Apple iPhone sales slide in latest quarter

By Shawn Knight
Jul 26, 2016
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  1. Apple on Tuesday said it sold 40.4 million iPhones during the most recent quarter, down from 47.5 million in the same period one year ago. That translates to a 15 percent decline which is hauntingly similar to last quarter’s 16 percent year-over-year drop.

    That’s not great news for the Cupertino-based company considering most believe the next iPhone – be it the iPhone 7 or iPhone 6SE – isn’t expected to be a significant upgrade over what’s currently available. In fact, controversial design decisions like eliminating the 3.5mm headphone jack could result in consumer pushback at a time when Apple really doesn’t need it.

    For the quarter, Apple posted $42.4 billion in revenues with a net income of $7.8 billion, or $1.42 per share. In the year-ago quarter, Apple generated $49.6 billion and a net income of $10.7 billion, or $1.85 per share.

    That said, Apple beat Wall Street as analysts were expecting $42.2 billion in revenue and 40 million iPhones sold.

    It’s worth reiterating that selling 40+ million smartphones is far from “bad” as tons of companies would love to have those results. Given Apple’s previous performance, however, a decline in sales is a decline in sales no matter how you slice it.

    Elsewhere, Apple’s iPad division saw sales decline for the 10th straight quarter, down nine percent to 9.95 million units sold. Mac sales checked in at 4.3 million units, down 11.3 percent year-over-year.

    Looking ahead, Apple has forecasted revenues of between $45.5 billion and $47.5 billion for the upcoming quarter.

    Permalink to story.

  2. MoeJoe

    MoeJoe TS Guru Posts: 711   +381

    Pads, pods and Pwns.

    Kinda sorta stale anymore ....
  3. tonylukac

    tonylukac TS Evangelist Posts: 1,373   +69

    That's because obama did away with obamaphone iphones.
  4. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,274

    Well they haven't released a proper new phone for 2 years and now they are trying to fob people off with an iPhone 6BS or whatever they're calling it claiming it to be all new and improved... It's only of any interest to die hard iFans.
    What did they expect, sales to skyrocket?

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