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iphone14-in60-7.jpg Aug 05

Apple Shares Slide After It Reports Decreased Revenue For iPhone And Other Hardware

  • Shares of Apple were down on Friday after the company reported lower year-over-year revenue for its flagship products in the third quarter, although the company beat estimates on earnings per share and revenue.
  • Apple reported iPhone revenue for the quarter was $39.67 billion, compared to $40.67 billion during the same period last year.
  • CFO Luca Maestri told analysts that Apple expects similar sales results in the following quarter.