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Apple reports another fall in sales in line with expectations

November 3, 2023
Source: irishtimes.com irishtimes.com
News Snapshot:
Apple iPhone 15: Financial results suggest the firm is facing a bigger slowdown in China than feared. The government there has imposed iPhone bans in some workplaces, and a new phone from Huawei Technologies is providing fresh competition. Photograph: Justin Sullivan/Getty Images Apple sales declined for a fourth straight quarter, marking the longest slowdown since 2001, as the company struggles with sluggish demand and a shaky smartphone market in China. Revenue fell to $89.5 billion (€84.3 billion) in the fiscal fourth quarter, which ended on September 30th, compared with the average Wall Street estimate of $89.4 billion. Apple didn’t provide...
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