Apple’s revenue fell for the first time in 13 years

Apple reported financial results for the second quarter of the 2016 financial year, among them — fell for the first time since 2003 revenue.

According to the report, the company’s revenue for the quarter amounted to $50.6 bn, and net income of $10.5 billion (us$1.9 per share). In the same quarter last year, revenues of $58 billion, and net income of $13.6 billion ($2,33 per share).

IPhone sales in the second quarter of this year compared with the same period last year fell 16%. The greatest drop in sales by 26% in China and in the US, the decline amounted to 10%.

However, the company has announced that it will increase the size of its quarterly dividend by 10% to us $0,57 per share. Apple has also announced that it would redeem shares in the amount of $175 billion instead of $140 billion.

Apple’s revenue was lower than forecast of analysts who predicted a fall to $52 billion Analyst gene Munster from Piper Jaffray had previously stated CNBC that Apple was the victim of the success of the previous models of the smartphone uPhone 6, sales of which surpassed the iPhone 5 sales by 30% compared with a predicted growth of 15% and made 2015 a great success for the company.

Munster at the same time advised not to consider the reduction of earnings as a change in trend, as sales of the iPhone are two-year cycles. The annual result, he said, will be positive.