iPhone sales continue to shrivel in Apple's fiscal fourth quarter
by from Techreport on (#1ZA3V)
Apple closed out its fiscal 2016 today with fourth-quarter revenue of $46.9 billion, down from $51.5 billion a year ago, and net income of $9 billion, down from $11.1 billion. The company's gross margin fell to 38% from 39.9% a year ago. The company made 62% of its revenue from international sales.
iPhone sales are where Apple makes most of its bacon, and the company took in $28.2 billion from 45.5 million iPhone sales. Those numbers are down from last year's 48 million units and $32.2 billion in revenue-a five-percent decline in ...