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Apple announces earnings decline for the first time in 13 years


In the most recent quarter, Apple is staying on a staggering $232 billion in cash and investments, a much common knowledge that Apple is interested in the automotive and virtual reality space with products that are said to be degrees of development. There are also streaming Internet TV services, Apple Watch and iPhone 7 coming later this year. Apple has the cash to make it through a couple of rough quarters, but if it wants to remain atop the technology totem pole, willing to change and not make the habit of having the results they have today.

According to TechSpot article, Apple announced their financial results for its fiscal 2016 second quarter and for the first time since 203, they posted a year-over-year decline in revenues. For the quarter ending on March 26, 2016, Apple generated revenue of $50.6 billion with $10.5 billion, which was $1.90 per share, in profit.

The criticism that Apple’s likely to get from the public is probably because of the iPhone SE, the 9.7-inch iPad Pro and the new 12-inch MacBook as it looks identical to their predecessors and there is no looking past the obvious decline in revenue, profit and sales.