iPhone sales decline year-on-year in Apple's fiscal Q2
by from Techreport on (#1BWWQ)
Apple has released its financial results for its fiscal second quarter, and the champagne is staying in the bottle today. The company made $10.5 billion in net income on $50.6 billion in revenue. Those numbers are down from the $13.6 billion in net income and $58 billion in revenue the company took in during the same quarter a year ago. Gross margin fell a bit to 39.4%, down from 40.8% a year ago.
They say all good things must come to an end, and Apple's long record of skyrocketing iPhone sales appears to have reached its peak. ...