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

Netflix leans on $59bn bank loan to fund Warner Bros takeover

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

Generative AI’s rapid journey through the ‘hype cycle’

3 Mins read
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The data…
Business

‘Infinite money glitch’; meet arithmetic

5 Mins read
Barely two months ago the market was debating whether Strategy (née MicroStrategy) might soon join the S&P 500. But if a week…
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Your email address will not be published.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 *