Apple's growth has halted

Apple keynote presentation iPad lineup
Apple keynote presentation
After more than a decade of continuous growth, the Cupertino-based company reports its first drop, mainly caused by weak iPhone sales.
Codrut Nistor,

Apple has announced its quarterly financial results yesterday and, unfortunately, this was the first drop after 13 years of sustained growth. The main culprit for this is the company's handset, which failed to meet the expectations.

All in all, Apple managed to miss the expectations on revenue and guidance, posting a revenue of $50.6 billion for the second quarter of 2016, down from the $58 billion reported for the same period of 2015. This stands for a net income of $10.5 billion, or $1.90 per diluted share, down from the $13.6 billion, or $2.33 per diluted share the company managed to achieve back in 2015.

Apple' CEO Tim Cook said, "We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices." He also added that the Apple team "executed extremely well in the face of strong macroeconomic headwinds."

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Codrut Nistor, 2016-04-27 (Update: 2016-04-27)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.