Apple Inc.'s Mac Business Gets Its Groove Back

During Apple's (NASDAQ: AAPL) fiscal year 2016, the company saw its Mac personal computer business plunge. Unit shipments dropped 10% with revenue dropping similarly. Apple seemed to blame this decline on the state of the overall personal computer market, claiming that the Mac unit shipment decline was at a rate "similar to the overall [personal computer] market."

Apple also added that the "effect of weakness in most foreign currencies relative to the U.S. dollar" hurt its Mac revenue.

Image source: Apple.

Source: Fool.com