Apple shares fall after company reports drop in iPhone sales
Apple's shares fell 1.9% after the technology company reported a fall in iPhone sales for its second quarter on Tuesday. Apple shipped 50.8 million iPhones in the quarter ended April 1, 2017, down from 51.2 million a year ago. Interestingly, despite the dip in sales, Apple reported a higher revenue from iPhone sales as the smartphones were priced higher.