Apple's first quarterly slump in years: revenue down 12% as iPhone sales drop

Apple today reported a $10.51 million profit, or $1.90 per diluted share, on $50.55 billion in revenue for the second quarter of its 2016 fiscal year, which ended on March 26. Analysts were expecting $2 in earnings per share on $51.97 billion in revenue. Apple’s guidance for the quarter was for $50-53 billion in revenue, […]