Apple just saw its sales drop for the first time in 13 years

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Apple just saw its sales drop for the first time in 13 years

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.

SEE ALSO: There's growing para**ia that Apple's iPhone sales are going to fall off a cliff Read more...



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