It’s being reported Apple – the giant of tech giants – could be facing a significant challenge in the coming months.
The AP says there are signs that iPhone sales in the first three months of 2016 will — for the first time ever — show an abrupt decline from the same period a year earlier.
Despite the fact that Apple has other products, it’s the iPhone that made up about two-thirds of the company’s $234 billion in revenue last year. Believe it or not, the iPad only makes up 8 percent.
The fact that none of the other new products Apple has launched in recent years have emerged as blockbusters has led some critics to suggest Apple has lost its innovative touch.
Unfortunately this sentiment has leaked its way into the minds of nervous investors and Apple stock this week dropped under $100 a share for the first time since October of 2014.