Apple sales fall after 13 years

iPhone sales were down year-over-year for the first time since the product's launch in 2007."The company predicts that the year-over-year quarterly decline will continue next quarter," said a report in arstechnica.com. "Apple expects it will make between $41 and $43 billion in revenue in the third quarter of fiscal 2016 with profit margins between 37.5 and 38 percent. This is well below the $49.6 billion in revenue that Apple made in Q3 of 2015," the report added.