Business News: Apple Reports First iPhone Sales Decline


Apple has reported a decline in iPhone sales for the first time, forcing down quarterly revenues and increasing pressure on the company.The world’s most valuable firm by market value said it sold 51.2 million iPhones in the first three months of 2016.
That was down on the 61 million sold a year earlier but slightly better than had been predicted.
It had a predictable effect on revenues, which fell by 13% to $50.6bn – just shy of expectations. It meant that Apple recorded the first dip in quarterly sales since 2003.