Apple has become one of the world’s most known companies and as of recent we hear it is suffering? Lately Apple company hasn’t been selling as much as they use too. Apple has sold more than 5.2 million iPhones in just three months of the year, with that many phones selling Apple has made about $10.5 billion profit. In the previous year Apple sold 61 million iPhones. In the last 12 months about 18 percent of Apple sales has fallen. The increase concern is that the customers aren’t upgrading their phones as much. On Tuesday, the stock lost $8.30 to $96.05 in after-hours trading following the earning report. In the regular session, the share declined 73 cents to $104.35.

In January for the first time in more than a decade the sales of iPhones have slowed down. This shocked the technological world. On Saturday, a report found Apple generating more than 40 percent of profits from Silicon Valley companies last year. With 150 public technology companies, Apple was the top companies in 2015 who made an estimate of $235 billions in sales. The first quarter of 2016, Apple tallied 14 percent year-over-year growth in China, and also making them the second-biggest market after Americas, which accounted more than $18 billion in sales. Looks like Apple is facing some competition from the Chinese smartphone makers. Chinese regulators have even blocked Apple mobile entertainment service. Let’s see how Apple does in the future.