Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday April 26, 2016

Apple To Post First Quarterly Revenue Decline Since 2003

According to this article, Apple is expected to post its first quarterly revenue decline since 2003. Obviously everyone is blaming poor iPhone sales but, to be honest, the company has just been stuck in a rut lately. That whole iPhone SE thing probably didn't help either.

The culprit: Shrinking iPhone sales, which generate the bulk of Apple’s revenue. Analysts expect the company to report March-quarter iPhone shipments of around 50 million to 52 million, down from 61 million a year ago. (That specific quarter had an unusual boost: iPhone 6 supply constraints had pushed more sales past the holiday period. So in this case, the iPhone business has an even tougher than usual record to beat.) For what it’s worth, iPhone sales are expected to pick up again later this year.