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Apple posts fall in iPhones sales

Apple Inc reported a fall in iPhone sales for the second quarter, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product, according to Reuters.

2017-05-03 11:16:42

Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier. Analysts on average had estimated iPhone sales of 52.27 million, according to financial data and analytics firm FactSet.

The company forecast total revenue of between 43.5 billion USD and 45.5 billion USD for the current quarter, while analysts on average were expecting 45.60 billion USD, according to Reuters.

The company′s net income rose to 11.03 billion USD, or 2.10 USD per share, in the second quarter, from 10.52 billion USD, or 1.90 USD per share, a year earlier. Revenue rose 4.6 per cent to 52.90 billion USD in the quarter, compared with analysts′ average estimate of 53.02 billion USD.



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