Apple earnings down, iPhone sales decline
LOS ANGELES: Apple’s latest results, posted on Tuesday, showed a drop in revenue and declining iPhone sales.
Apple posted quarterly revenue of US$46.9 billion (RM195 billion) and a net income of US$9 billion, compared with US$51.5 billion and US$11.1 billion in the same quarter last year. In the most recent quarter, during which the iPhone 7 was launched, Apple sold 45.5 million phones – 5% less than in the same quarter last year. – dpa