Apple quarterly profit dented by weak iPhone sales

Apple suffers first quarterly sales decline in nearly four years

It marks Apple's first year-over-year decrease in quarterly revenue since the January-March period in 2019.

Apple suffers first quarterly sales decline in nearly 4 years

COVID restrictions on its China factories curtailed sales of the latest iPhone.

Disappointing results for tech giants Apple, Amazon and Alphabet

Last year, the tech industry faced, among other things, delivery and production problems and disappointing advertising revenues.

Apple Suffers First Quarterly Sales Decline Since 2019

Investors reacted to the letdown by initially driving down Apple's stock by nearly 5% in Thursday's extended trading.

Alphabet, Amazon and Apple results: tech earnings hit by gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech.

Apple Suffers 1st Quarterly Sales Decline in nearly 4 Years

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion for the October-December period represented a 5% decline from the same time in the previous year, a deeper downturn than analysts had projected.