( ) -q-26- UNDATED (Correspondent Jeremy House) “period in 2019.” Apple has posted its first quarterly revenue drop in nearly four years. [CutID: <Cuts> APPLE-SALES-DECLINE-house-q-FRIam.mp3 Time: 26s Title: APPLE-SALES-DECLINE-house-q-FRIam Out-cue: period in 2019] TAG: Correspondent Jeremy House reporting. The company’s profit also tumbled by 13% from the previous year, a steeper slide than analysts anticipated. […]
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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.
[CutID: <Cuts> APPLE-SALES-DECLINE-house-q-FRIam.mp3
Time: 26s
Title: APPLE-SALES-DECLINE-house-q-FRIam
Out-cue: period in 2019]
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.
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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.