Apple Sees First Ever Year Over Year Decline On iPhone Sales

For the second fiscal quarter of 2016, iPhone sales saw a year over year decline as the shipped 51.2 million units, down from 61.2 million a year earlier (this is the first time this have ever happened). In a call with analysts and the press, Time Cook said the company saw more switchers to the iPhone from Android switchers and other phones manufacturers in the first 6 months of 2016 than at any time in Apple’s history. Cook says there’s “terrific customer” response to the iPhone SE. Demand has exceeded supply at this point, but “we’re working hard to meet demand,”. What do you think this could mean for Apple ? Probably nothing, Apple will be just fine but it’s something to think about.