For the first time in the history of the Apple iPhone, Apple reported lower sales of the device on a year-over-year basis. For the company’s fiscal second quarter, which covered the period from January through March, Apple sold 51.2 million iPhones. That was down 10 million units from the 61.2 million it sold during the same quarter last year. That works out to a drop of 16.3%.
Despite the decline, Apple still managed to top Wall Street expectations which called for Apple to report a sales decline of 20% to 50.7 million handsets sold. But the average selling price, at $641, fell below expectations of $658, another dagger in the heart of Apple investors.
