Apple Announces Fiscal Q2 2016 Earnings, iPhone Sales Down 16%, First Revenue Drop in 13 Years

Apple has announced earnings for fiscal Q2 2016. The company brought in $50.6 billion in revenue and $10.5 billion in net income or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter. International sales accounted for 67 percent of the quarter’s revenue.The company announced iPhone sales of 51.193 million for the quarter that’s down 16% from 61.170 million units in the year ago quarter. iPad sales dropped 19% to 10.251 million units and iPod sales dropped 12% to 4.034 million units. 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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