Wednesday, July 27, 2016

Sale of iPhones falls for the second quarter followed

The Apple iPhones for sale fell for the second quarter followed, although the fall of 15% has been lower than expected.
The company''s total revenue fell 14,6% in the quarter ended June 25, second quarterly fall in a row.
Apple sold 40,400,000 iPhones in the period, above the average forecast of analysts, of 40,000,000, according to research firm FactSet StreetAccount.
Apple had reported a fall of 16,3% sales of iPhone in the previous quarter, the first decline since the smartphone was released in 2007.
Apple quarter net income fell 27%, for 7.8 billion dollars, while revenue from 42.36 billion dollars exceeded the estimates of analysts to 42.09 billion dollars, according to Thomson Reuters.
The company predicts fourth-quarter revenue of 45.5 billion to 47.5 billion dollars, well above the average Wall Street estimate of 45.71 billion dollars.
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