Apple takes a hit to the core as iPhone sales drop 13 percent

Apple reported late Tuesday that iPhone sales dropped 13 percent over the first three months of 2016 to $50.6 billion Profits were $10.5 billion, down 23% from $13.6 billion last year. It's the first year-over-year decline in iPhone sales since they debuted in 2007 Apple's first year-over-year quarterly sales decline in more than a decade propelled its shares down 7 percent to $97.31 ahead of the earnings call