Apple posts revenue miss of $50.6 billion but sells more iPhones than expected

by Greg Sterling
Apple’s fiscal second quarter earnings are out. The company posted revenue of $50.6 billion and net income of $10.5 billion. Revenues and earnings per share were off 13 percent. As expected Apple posted its its first year-over-year decline in 13 years. Apple stock is down in after-hours trading. Revenues a year ago were $58 billion and net income $13.6 billion.Read the full article