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Apple iPhone sales drop more than forecast, revenue falls for third straight quarter

News Snapshot:

Apple (AAPL) announced its fiscal Q3 earnings after the bell on Thursday, reporting iPhone sales that missed analysts' expectations while revenue fell 1.4% over last year, the third straight quarter of declines. About half of the company's overall revenue comes from its iPhone segment. On Friday, Apple stock was down more than 2.3% in early trading, as the tech giant's gloomy results contributed to its share price decline. Revenue has slid for multiple quarters as Mac and iPad sales have flagged. On a call with analysts, Apple CFO Luca Maestri said the company expects revenue for these products to fall…

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