Business

Apple’s slower device sales continue to weigh on earnings

1 Mins read

Apple on Thursday posted its fourth consecutive quarter of year-over-year sales declines as the iPhone maker continues to struggle with slower device sales amid an uncertain economic environment.

The company reported $89.5 billion in sales for the three months ended September 30, down 1% from the same period in the prior year and essentially in line with the $84.3 billion Wall Street analysts had expected.

Apple (AAPL) shares fell more than 1% in after-hours trading following the report.

Read the full article here

Related posts
Business

Gulf monarchies hold rival Iran close as Israel conflict rages

4 Mins read
Arab monarchies are seeking to stay close to their regional rival Tehran as they frantically try to avoid being engulfed in the…
Business

Hong Kong prepares for influx of listings from mainland China

4 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong…
Business

CIA says Covid-19 probably leaked from Chinese laboratory

2 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The CIA…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *