Apple said quarterly sales fell slightly as the iPhone maker faces declining smartphone demand and new competition in China.
Apple sales were $89.5 billion, down less than 1% from the year-ago period and slightly beating analyst estimates of $89.3 billion, according to FactSet. The company’s net income increased 10.8% to $22.95 billion, compared with the $21.8 billion analysts projected.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
