Apple Q2 2016 financial results show first ever YoY fall in iPhone sales

Apple's 2016 Q2 results (that's the quarter ending in March) are out showing a revenue slowdown for the company. Quarterly revenue was $50.6 billion compared to $58 billion for the same period last year. As a result, net income is also down to $10.5 billion from $13.6 billion from Q2 2015. The reason behind the revenue decrease are the lower iPhone, iPad and Mac sales. iPhone sales declined by 16% compared to Q2 last year (first YoY drop in the iPhone history) from 61.2 million to 51.19 million units. This lead to a drop in revenue of north of $8 billion or 18.42% (from $40.28 billion to...