Apple's iPhone sales continue to decline. Apple just reported its latest Q3 earnings, and the company sold 40.4 million iPhones in the recent quarter, compared to 47.5 million this time last year. That's a 15 percent drop, and a sign that iPhone growth momentum has significantly stalled. The slump in sales means Apple's profit has dropped 27 percent as a result. Last quarter, iPhone sales were also down 16 percent year-over-year. Apple introduced the iPhone SE in March, and it has already had an affect on the overall balance of iPhone sales. Apple's average selling price for the iPhone has dropped to $595 from $662 last year, suggesting that people are opting for the smaller iPhone SE.
A slowdown in iPhone sales this year was always...
