iPad sales stabilize in Apple's fiscal 2016 third quarter
by from Techreport on (#1NJNM)
After last quarter's iPhone sales appeared to reach a peak, Apple watchers were curious to see what the company's performance in the following quarter would look like, and now we know. The company released its results for the third quarter of its fiscal 2016 today. Apple raked in $42.4 billion in revenue, down 15% from a year ago, and it made $7.8 billion in net income, down 27% from a year ago.
iPhone sales declined less on a year-on-year basis than they did last quarter. Apple sold 40.4 million of its handsets, down 15% from a year ago. iPad sales appear to be stabilizing, however-though unit shipments were down 9% from a year ago, revenue from the slates was up 7% ...