Salem Radio Network News Saturday, April 1, 2023


Apple suffers 1st quarterly sales decline in nearly 4 years


( ) -q-26- UNDATED (Correspondent Jeremy House) “period in 2019.”

Apple has posted its first quarterly revenue drop in nearly four years.

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TAG: Correspondent Jeremy House reporting. The company’s profit also tumbled by 13% from the previous year, a steeper slide than analysts anticipated. Apple’s stock fell less than 1% in extended trading, paring losses of about 5% earlier.

VERBATIM: The company suffered from pandemic-driven restrictions on its China factories that curtailed sales of the latest iPhone during the holiday season. Apple’s sales of $117.15 billion for the October-to-December period represented a 5% decline from the same time in the previous year. It marks Apple’s first year-over-year decrease in quarterly revenue since the January-to-March period in 2019.

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