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July 27, 2016 / 5:20 AM

Apple iPhone, iPad and Mac sales fall from 2015

Apple's sales continue to fall in 2016 with a steep drop in iPhone sales and a second year of falling sales for the iPad. The tech giant still beat analyst expectations and shares jumped 7 percent in after hours trading on the news. Photo by Stephen Shaver/UPI

Apple's sales continue to fall in 2016 with a steep drop in iPhone sales and a second year of falling sales for the iPad. The tech giant still beat analyst expectations and shares jumped 7 percent in after hours trading on the news. Photo by Stephen Shaver/UPI | License Photo

SAN FRANCISCO, July 27 (UPI) -- Sales of Apple's iPhone, iPad and Mac have fallen this year, even if sales managed to beat analyst expectations.

The steepest fall came with the iPhone, and iPad sales fell for a second year. The March release of the iPhone SE did give a boost to second quarter numbers, but the iPhone is stuck in what is considered a saturated market.

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Apple Watch and Apple TV sales numbers were not released.

The consumer tech giant ended June with $42.4 billion for the quarter, a drop from $49.6 billion in 2015, the earnings report stated. Though Apple continues to rake in billions, its second quarter profits dropped by more than 25 percent.

Shares jumped 7 percent in after hours trading on news the company managed to beat expectations.

Apple as well as industry analysts expect the iPhone 7's release in the fall could change the trend.

"We don't expect this report to serve as a meaningful catalyst for the stock, as all eyes are on the iPhone 7 launch in September," noted Goldman Sachs analyst Simona Jankowski, ahead of the earnings report.

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