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Tomorrow, Apple will report its first decline in annual revenue since 2001

By Alan Friedman

Updated: Oct 24, 2016, 9:55 PM

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iOS Apple

Tomorrow, Apple will report its first decline in annual revenue since 2001

Tomorrow, Apple will release its fiscal fourth quarter earnings for the three months that ended in September. And for the first time in 14 years, annual revenue will decline on a year over year basis. Wall Street is expecting Apple to report $215.67 billion in sales for fiscal 2016. That will be a decline of $18.05 billion from the previous year.

The last time Apple had a year-over-year decline in revenue was back in 2001 when it reported $5.36 billion in sales; that was a 33% drop in revenue from the $7.98 billion it reported in 2000. Wall Street is looking for Apple's sales to bounce back in 2017 with $225.66 million of revenue expected.

Will Apple be able to restart the amazing run it had from 2000 to 2015? That is not something that can be answered so easily. Hopefully the company will be able to regain its sales momentum.

source: VentureBeat

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Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.

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