Apple Stock Declines Amidst Fourth Consecutive Sales Drop and Weak Revenue Outlook
TL;DR Summary
Apple reported better-than-expected earnings for its fiscal fourth quarter, but sales declined for the fourth consecutive quarter. The company's hardware sales fell 5% while services revenue rose 16%. Apple's iPhone revenue increased 3%, but Mac computer sales fell 34% and iPad tablet sales slid 10%. The stock dropped in after-hours trading.
- Apple Stock Drops As Sales Fall For Fourth Straight Quarter Investor's Business Daily
- Apple stock dips after weak outlook for December quarter revenue CNBC
- Apple's dependency on China in focus ahead of key earnings report CNBC Television
- Apple earnings top estimates, iPhone sales notch September quarter record Yahoo Finance
- - YouTube Bloomberg Television
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