iPhone sales have fallen to 51.2M causing tensions for the firm and for the company. Also, as Apple revealed the $50.6B in revenues, the possibility of employees' jobs at risk is rising for the tech firm.
Although the released figures were disappointing for Apple, the firm is adamant to keep the momentum on a steady slope in the coming quarters. Apple Insider reports, "Net quarterly income for the March frame was $10.5 billion, or $10.90 per diluted share and in contrast, in the same quarter a year ago, Apple earned $58.01 billion in revenue and $13.57 billion in revenue on sales of 61 million iPhones."
Other low figures particularly the gross margin fell for this year, in comparison to the previous wherein the figures were marked to sturdy returns. For Mac, the sales for the second fiscal quarter of 2016 were 4 million units, down from 4.6 million in 2015, while the iPad sales also fell from 12.6 million units a year ago to 10.3 million units this year, according to the same report.
Jobs & Hire previously mentioned how Apple delayed the releasing of the revenues owing to the death of one its pillars, Bill Campbell. At the same time, the aims on countering the challenges of technology, innovation and even the trading sector is pressing Apple to take the battle headon. For Apple Chief Executive Tim Cook, the economic hurdle all across the globe has also influenced Apple's market performance leading to low returns.
Cook also said, "Our team executed extremely well in the face of strong macroeconomic headwinds. We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active device."