Apple's fiscal 2Q revenue, profit sag amid iPhone slump

ABC News | 4/30/2019 | Staff
MonkeyBubble (Posted by) Level 3
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Apple's sales are still shrinking amid weakening iPhone demand, despite the company's effort to emphasize services designed to bring in a steady flow of money from the 1.4 billion of its devices still in use.

Revenue for the January-March quarter fell 5% from the same time in 2017 to $58 billion, the company said in its earnings report Tuesday. That downturn followed a 5% drop in the previous quarter.

Time - Apple - Revenue - Declines - Years

It's the first time Apple has suffered two consecutive quarterly revenue declines in two-and-half years.

Apple still posted a profit of $11.6 billion during its latest quarter,...
(Excerpt) Read more at: ABC News
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