Apple iPhone shipments estimated at 55M for March quarter, first YoY decline since 2007 launch

Investment firm Piper Jaffrey has adjusted its estimate for Apple's current quarter iPhone shipments. Down 12%, the projected figure for the quarter ending in March (Q2 2016 by US policy) is now 55 million units shipped, as opposed to the previous 62.5 million units. The number, if it proves correct, will mark the first year-on-year decline in iPhone shipments since the launch of the original iPhone in 2007.