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Ever year-on-year iPhone sales decline: Apple

"For the moment, Apple's Tim Cook seems to be adamant that the dip in performance is merely a "pause" in growth and he seems to be in denial that global demand for iPhones could at last be waning".

Cook, of course, has problems many corporate bosses would kill to have. Mac revenue fell 9% year over year, appearing to barely outperform the rest of the sluggish PC industry, while revenue from Other Products (including Apple Watch) of $2.2 billion was also noticeably below our prior estimates.

Most dramatic was the performance of LG Display, which in its financial results yesterday reported a 95 percent drop in operating profit in the first quarter.

Aside from its new Rose Gold paint job, the iPhone SE looks identical to Apple's 2013 flagship smartphone, iPhone 5S.

The company projected revenue of US$41 billion to US$43 billion.

"Apple absolutely needs to start diversifying their revenue base", he added.

This time previous year Apple saw sales soar as it launched the iPhone 6 - according to the company is was selling $650m of gadgets each day.

There revenue rose by 20 percent, which means the company now makes more money from services that it does from selling Mac computers.

Donald Trump and Bob Knight
In his latest speech, Republican presidential candidate clamored his desire to make the great United States first in everything. Adrianna Pitrelli is a reporter for TheStatehouseFile.com, a news website powered by Franklin College journalism students.

How the Dow Jones industrial average fared on Monday
The S&P; 500 index was down 3.79 points, or 0.2%, to close at 2,087.79, led by declines in Energy and Industrial-sector shares. Apple shares have been under pressure at times in the last couple of weeks on reports that iPhone sales are slowing.

Guardiola will leave great legacy behind at Bayern - Alonso
We've had a lot of bad and good moments in the season and now we are stable, we have players who are getting better and better". They win possession by aggressive pressing and then play very directly, quickly, and vertically towards goal.

However, his words did not convince investors, as Apple shares fell more than 6 percent in after hours trading. That's putting more pressure on the world's most valuable public company to come up with its next big product.

Apple said it is expanding its other interests "to help offset the smartphone sales decline".

There was better news for the services division, which includes sales from Apple Music and the App Store. This category overall grew 29 percent year on year.

Apple shipped 51 million iPhones during that period.

Apple said it would raise its quarterly dividend 10 per cent to 57 U.S. cents a share and increase the amount of stock it buys back to US$175 billion.

The device is believed to be aimed at emerging markets such as China and India and boasts Apple's lowest-ever launch price. And critics say it hasn't ignited consumer passions in the way the iPhone became a must-have product.

'But I view India as where China was maybe seven to 10 years ago from that point of view, and I think there's a really great opportunity there, ' said Cook, who has seen sales drop 11 per cent in China over the past year.

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