Apple sales fall after 13 years

Hit by a slower growth in its flagship iPhone, iPad and Mac sales globally, Apple announced revenue drop for the first time since 2003 as the tech giant released earning reports for the second quarter of the fiscal year 2016 that ended on March 26. The company on Tuesday posted a quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion ($1.90 per diluted share), compared to revenue of $58 billion and net income of $13.6 billion ($2.33 per diluted share) in the year-ago quarter, the company said in a statement.