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Business Matters: Apple Reports Falling Sales

News

Apple Reports Falling Sales

27/04/2016 GMT

BBC World Service - Business Matters, Apple Reports Falling Sales

The tech giant reported a 13% drop in its second quarter revenues as iPhone sales slip

The tech giant has reported 13% drop in its second quarter revenues as sales of iPhones slipped.

A big chunk has been bitten out of Apple's sales. The tech giant has reported 13% drop in its second quarter revenues as sales of iPhones slipped. It is the first fall in sales for the company since 2003. In the three months to the end of March revenues stood at 50 billion dollars - down from 58 billion for the same period last year. The pressure is on apple to come up with the next big thing, as US technology commentator Larry Magid explains.

Volkswagen is paying a heavy price for cheating emissions tests, which affect millions of vehicles sold around the world. Now the focus is on the Japanese car maker Mitsubishi. Last week it admitted it had been cheating a test system on more than half a million cars sold in its home market. Mitsubishi's president Tetsuro Aikawa now says the company has been fiddling the fuel consumption figures for 25 years. Professor David Bailey from Aston Business School based in Birmingham in the UK tells us how this latest twist in the scandal was uncovered.

There is still no  new Government in Ireland, two months on from inconclusive elections. Voters were unimpressed with the austerity policies of the previous Fine Gael coalition led by the Taoiseach or Prime Minister Enda Kenny. These included making people pay for tap water for the first time, despite the country now achieving annual economic growth of 8%, the highest rate in Europe. The Fine Gael party is now trying to form a minority Government, but will need the support of its arch rival, Fianna Fail, to do so. Talks have not been going well, and those water charges are at the centre of the stalemate, as the BBC's Diarmaid Fleming reports from Dublin. 

We are joined by two guests on opposite sides of the Pacific - Nisid Hajari from Bloomberg View in Singapore and Andy Uhler a reporter from Marketplace in Los Angeles. 

(Photo: An iPhone in front of the Apple logo. Credit: Getty Images)

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