Apple
just saw its
sales drop for the
first time in 13 years
Apple's years-long winning streak finally ended on Tuesday.
For the
first time in 13 years,
Apple reported that it made less money in the last quarter than it had in the same quarter of the previous year.*
The company said that it pulled in $50.6 billion in sales, falling short of analysts' already lowered expectations of $52.02 billion, and the $58 billion it made in the same quarter last year. It also netted $10.5 billion in profits compared to an expectation of $11.1 billion and $13.6 billion in the same quarter last year.
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