Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
Source: New York Times
Difficulties have been piling up for Apple. In recent months, it has been sued by the Justice Department, fined by European regulators and challenged by the resurgence of a Chinese smartphone competitor.On Thursday, the company added to its list of problems, reporting that its business was in a slump.Apple said sales fell 4 percent to $90.8 billion for the three months that ended in March. Revenue from iPhones,…
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