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

Private equity investors trapped in China as top firms fail to find exit deals

3 Mins read
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The world’s…
Business

Russia aims to be global leader in nuclear power plant construction

3 Mins read
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Russia is…
Business

US accounting qualification reforms spark industry clash

2 Mins read
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. A plan to…
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Your email address will not be published.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 *