Sales of iPhone dip in second quarter

Sales of iPhone dip in second quarter

San Francisco: As per the results of Apple’s performance in second quarter, the company has managed to sell 50.8 million iPhones in the first three months of 2017 that is down by one per cent year-on year.

Apple announced on Tuesday financial results for its fiscal 2017 second quarter ended April 1, 2017 and posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10.

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The company hit an all-time high before its shares fell nearly two per cent in after-hours trading. Apple’s earnings per share were higher than expected at $2.10, compared to $2.02 while its market cap slipped to $765 billion during after hours trading due to the poor results.

Apple reported a 4.6 per cent rise in revenue across the whole company to $52.9 billion, slightly below analysts’ forecasts. “The dip in iPhone sales was offset by services, including Apple Pay, iCloud.

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