Mobile giant, Apple reported its slowest iPhone sales since its launch in 2007. Apple sold 74.8 million iPhone in the first quarter of this fiscal and it slightly more than the sales same time last year.
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Apple’s revenues of next quarter would be between $50bn and $53bn, and it is less than the $58bn it reported for the same period last year. The iPhone sales in the first quarter are less than the expected sales.
iPhone is the single most profitable product any company has produced, considering the revenue projections, iPhone is expected to have the first fall in sales in the next three months. This is the first such fall since the iPhone’s 2007 launch.
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