Jul 26, 2016
Apple Inc (AAPL.O) sold more iPhones than Wall Street expected in the third quarter and forecast revenue in the current period would top many analysts' targets, soothing fears that demand for Apple's most important product had hit a wall.Proceed to the page: http://linkis.com/cTgCY
Apple Inc on Tuesday reported quarterly results below Wall Street targets and forecast another disappointing quarter, while sales of iPhones, its most important product, declined for the first time.
Apple's iPhone sales fell for the second straight quarter, although the 15 percent drop was less than feared.
Apple Inc. posted its first quarterly revenue drop in more than a decade and forecast another decline in the current period, dragged down by waning demand for the iPhone.
Apple Inc. reported lower sales and forecast a third straight quarterly revenue drop, dragged down by slowing demand for iPhones amid a lackluster global smartphone market and intensifying competition in China.
Apple reported quarterly earnings and revenue that topped analyst expectations on Tuesday, as it continued to sell more iPhones than expected.
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