By Jason Snell
April 26, 2016 1:50 PM PT
Last updated August 16, 2023
Apple Q2 2016 results: Going down!
It was a tough quarter for Apple, at least as tough as a quarter can be for a company that made $10.5 billion in profit on $50.6 billion in revenue.
Sales were down year-over-year across product categories and in many regions, including the previously high-growth region of Greater China. iPhone sales sagged year-over-year for the first time. Three months ago, Apple warned that it was going to be a tough quarter, and they weren’t kidding.
We’ll have more, and coverage of the conference call with analysts, in a while. Meanwhile, have some charts!
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