Apple iPhone sales drop at record pace


Sales of Apple’s iPhones fell at their steepest-ever rate, according to data for the three months to the end of March.
The firm said revenue from the iPhone dropped by 17%, compared with the same period a year earlier, to $31bn.
However, Apple chief executive Tim Cook said sales were stronger towards the end of March, including in China where it cut iPhone prices to boost demand.
Apple lifted its outlook for the three months to June.
That sent shares more than 5% higher in after-hours trading.
The company had warned of slowing iPhone sales earlier this year, especially in China, where Apple competes with cheaper rivals such as Huawei Technologies and Xiaomi.

Read Full News : https://usacnnnews.com/2019/05/01/apple-iphone-sales-drop-record-pace/

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