Apple iPhone sales to fall

Apple has reported the slowest growth in iPhone sales since 2007 and warns sales will fall for the first time later this year

Revenue

Net profit ($ billions)

Q1

2015 18.00 74.6

2016 18.4 75.9

Q2 2016: Sales expected to fall to $50bn- 53bn – first quarterly drop since 2003

Q2

2015 13.6 58.0

2016 50.0-53.0

Q1 sales and change over same quarter 2015

iPhones 74.8 million Up 0.4

iPads 16.1 million Down 24.7% 

Macs 5.3 million Down 3.8%

Source: Apple