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Apple iPhone: It took 9 years for the iPhone to finally run out of steam
News & Analysis

Apple iPhone: It took 9 years for the iPhone to finally run out of steam

When compared to Apple's earnings in Q2 2015, the earnings in Q2 2016 are significantly lower. In terms of pure numbers, Apple's earnings fell from $58 billion to $50.56 billion and profits fell from $13.6 billion to $10.5 billion. Apple is still making a lot of money, more than Microsoft and Google combined (around $40 billion), but the drop in earnings is indicative of deeper troubles for Apple.