Apple said quarterly sales fell slightly as the iPhone maker faces declining smartphone demand and new competition in China.
Apple sales were $89.5 billion, down less than 1% from the year-ago period and slightly beating analyst estimates of $89.3 billion, according to FactSet. The company’s net income increased 10.8% to $22.95 billion, compared with the $21.8 billion analysts projected.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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