Apple misses sales as iPhone shipments drop for first time ever

April 26, 2016 9:30 PM

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CEO Tim Cook said the company faced "macroeconomic headwinds," which is code for having a really hard time convincing people to buy iPhones, iPads and Macs.

Apple on Tuesday reported its first ever drop in iPhone sales, with fiscal second-quarter unit shipments down 16 percent to 51.2 million. That's lower than the 61.1 million the company sold the same time last year, though it is in line with the 51 million analysts expected Apple to sell in the three...

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