Apple revenues fall 15%, as iPhone, China sales drop

Apple reported revenues of USD 42.2 billion for its fiscal third quarter to June, down from USD 49.6 billion a year ago but towards the high end of its outlook of USD 41-43 billion. The company’s gross margin dipped to 38 percent from 39.7 percent in the year-earlier period, also coming in at the high end of expectations. Apple CEO Tim cook said the results

“reflect stronger customer demand and business performance than anticipated at the start of the quarter”


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