Apple’s revenue drops on shaky China demand - Printable Version
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Apple’s revenue drops on shaky China demand - theold - 03-11-2023
Los Angeles | Apple sales declined for a fourth straight quarter, marking the longest slowdown since 2001, as the company struggles with a sluggish Mac market and shaky demand in China.
Revenue fell to $US89.5 billion ($138 billion) in the fiscal fourth quarter, which ended September 30, the company said in a statement on Thursday (Friday AEDT). That compared with an average Wall Street estimate of $US89.4 billion. Apple didn’t provide formal guidance for the current quarter, sticking with a policy it adopted during the pandemic.
https://www.afr.com/world/north-america/apple-revenue-drops-on-sluggish-mac-sales-20231103-p5ehbl