iPhone sales drop for the first time since it was released.
Apple has announced its customary earning calls for Q2 2016 which is from January through March 2016.
Apples earnings touched $50.6 billion with a quarterly net profit of $10.5 Billion.
Last year, Apple made revenue of $58 billion and $13.6 billion profit during the same period.
This is due to iPhones poor sales.
According to report released by IDC [International Data Corporation], the strong market is losing its glimmer.
Both Apple and Samsung have witnessed decline in sales.
Oppo is at the third spot whereas Vivo is at the fifth spot.
Huawei has proven that it can sell increasingly premium devices.
Samsung witnessed 0.6 percent over year dip in shipments worldwide.
