6:28 AM
Prasetya Ega Syaputra
Apple reports iPhone sales down, 1st revenue drop since
2003
Apple sold
more than 51 million iPhones in the first three months of this year — and
that's the problem.
That's 10 million fewer iPhones than the tech giant sold during the same quarter a year
ago. As a result, Apple on Tuesday reported
its first drop in quarterly revenue in 13 years — and the first-ever
year-over-year decline in iPhone sales.
The slide is putting more pressure on Apple and CEO Tim
Cook to come up with its next big product.
Cook, of course, has problems many corporate bosses would kill to have. Despite the decline
in sales, Apple managed to rack up $10.5 billion in profit for the quarter.
"The future of Apple is very bright," Cook told analysts on a conference call
Tuesday.
But Apple is battling perceptions...
