While Apple just announced a record 2015 holiday quarter, it also forecasted its first drop in sales since 2003.Apple is predicting revenue of between $50 billion and $53 billion in the first quarter of 2016. That’s down from revenue of $58 billion in the first quarter of 2015. The drop is blamed on smartphone saturation and the strong U.S. dollar versus foreign currencies. Bloomberg notes that $100 in fourth quarter 2014 sales is worth just $85 today because of fluctuating exchange rates.Share Article:Facebook, Twitter, LinkedIn, Google Plus, Email, Reddit, Digg, Delicious, StumbleUponFollow iClarified:Facebook, Twitter, LinkedIn, Google Plus, Newsletter, App Store, YouTubeAdvertise Here
Source: iClarified Read More: Apple Forecasts Its First Drop in Sales Since 2003