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Apple Q2 Earnings In-Depth: iPhone Sales Fall 16%

Apple AAPL just released its second-quarter fiscal 2016 earnings data, and as always, the investment world is buzzing. Coming into today, one of the hottest points of discussions surrounding Apple was iPhone sales, and this report finally provided some updated numbers.

The quarter covered in today’s report did include the release of the iPhone SE, a new model based on an older exterior design, although it launched right at the end of the period and likely did not have a huge impact on sales. Apple’s next major phone release is expected to be the iPhone 7.

iPhone sales account for about 60% of Apple’s total revenue, meaning it is by far the most important category to look at today. Coming into today, Apple had never posted a year-over-year decline in total iPhone sales.

According to today’s report, Apple’s total iPhone sales came in at 51.2 million units, down 16% from the 61 million units sold a year ago. Revenue wise, iPhone sales came in at $32.857 billion, down from $40.282 billion last year.

 

 

Read more about Apple’s second-quarter report here: Apple (AAPL) Misses Q2 Earnings, Revs on Weaker iPhone Sales

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