Apple Forecasts Its First Drop in Sales Since 2003

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

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