Apple (AAPL) Misses Q2 iPhone Sales Estimates, 50.8 Million Units Sold

Apple AAPL just released its second-quarter fiscal 2017 earnings data, and as always, the investment world is buzzing. Coming into today, one of the hottest points of discussion surrounding Apple was iPhone sales, and the new report has provided us with some updated numbers.

Apple's second fiscal quarter marks the second full quarter of iPhone 7 sales. Of course, the iPhone 7 caused great controversy upon its announcement after Apple chose not to include the industry-standard 3.5mm headphone jack on the device, but the device seems almost overlooked as investors are already gearing up for the 10 th anniversary iPhone 8.

iPhone sales have typically accounted for around 60% of Apple's revenue, but total sales of the phone have not been consistently climbing like they once did. In the fourth quarter of fiscal 2016, Apple iPhone unit sales came in at about 45.5 million, down 5% year-over-year.

Last quarter, during the all-important holiday season, Apple sold 78.290 million iPhone units. This represented 5% year-over-year growth-the first quarter of iPhone sales growth after three consecutive quarterly declines.

According to today's report, Apple sold 50.8 million iPhones in the second quarter. This was a 1% drop from the year-ago quarter.

Today's figures came in short of our consensus estimate, which called for unit sales of 51.2 million. This consensus figure was based on the research of 19 analysts and can be found in our exclusive non-financial metrics consensus estimate file. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here >>>

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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