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apple

Apple Revenue Declines as iPhone Sales Slide

By
Akash Pasricha
· · Source: The Information

Apple’s revenue fell 5% in the December quarter as the company’s iPhone sales shrank 8%, which the company said was due to supply constraints in China. Net income dropped 13% to a little less than $30 billion. Apple executives told analysts that iPhone “production is now back to where we want it to be.” But they also projected that the March quarter performance would be similar to the December...

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