Apple Sales Report

Last Tuesday, Apple reported its second consecutive drop in sales. The drop showed a significant reduction in sales from last year, and a total of a ten billion dollar difference as well.

Although this drop was predicted to be way worse than it was, it still surpassed the expectations of wall street. Stocks were also raised the very next day after this announcement, by about 8%. This relieved many Apple stock buyers, in their fears that it would have been worse.

As of Tuesday, Apple’s estimated profit has amounted up to a total of 42 billion dollars. Although, as stated above, their earnings have decreased by the billions as a result of less and less purchases of Apple products.

According to the article above, “Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234 billion”. These weren’t only sales for iPhones however. These sales include mac, the Apple Watch, and other Apple products.

You may or may not have heard about Apple working conditions, but once you’ve actually researched about them, the results you may find are shocking. AND they are still hiring, so imagine how many workers are there now. There are also many different fields to work in as well.

This article above gives a little insight on what happens when average human beings choose to listen in on, and report, on what we may not know is actually important. Some may interpret these calls differently, but Jim Cramer seems to have interpreted this in a negative way towards Apple’s CEO, Tim Cook.