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Apple has announced its fiscal Q3 results, revealing that it sold a total of 40.4 million iPhones in the quarter, which translates into a drop of 15% Y-o-Y, making it the second straight quarter when iPhone sales have seen a drop. The 40.4 million sales figure was, however, slightly better than the average market forecast of 40.02 million. Given that iPhone accounts for almost two-thirds of the Cupertino company's sales, the total revenue for the quarter was down 14.6%. Net profit was down as well, falling 27%. With iPhone sales dropping in China as well as mature markets, there's...



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27 Jul 2016

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