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

Is the US about to screw SWFs?

8 Mins read
Just ahead of Christmas, the US Internal Revenue Service dropped a bunch of proposed changes to Section 892 of the US tax…
Business

How Trump’s strikes shocked Venezuela’s capital

2 Mins read
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world…
Business

European investors must brace for a year of geopolitical instability

3 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer…
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Your email address will not be published.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 *