27.04.2016 - Apple's revenue declined for the first time in 13 years
Apple yesterday released a report on the results for the first quarter of this year, according to which the company's net profit totaled 10.52 billion dollars against 13.57 billion dollars in the same period last year. Revenue fell by 13% to 50.55 billion versus 58 billion previously. This decline in revenue was the first one in 13 years. In the second quarter, the company expects that the revenue will be 41-43 billion dollars. Reducing financial performance will lead to decline of the company's shares in the near future, with the potential fall by 12-15%.