Although Apple isn't exactly hurting, this is the worst fiscal quarter for the company since 2003. Product sales are down across the board, including for the iPhone, marking its first year-over-year decline since the smartphone was introduced back in 2007.
Apple managed to sell 51.2 million iPhones in the second quarter, down from 61.1 million year over year. Historically this has been the worst quarter for iPhone sales, but Apple wasn't likely to match last year's sales numbers regardless of what happened, as sales were inflated due to supply constraints of the iPhone 6 that pushed purchases past the holiday quarter. But the decline is still the first ever for an iPhone year over year, and no amount of justifications will change that.