Nov 2, 2023

Apple sales dip again despite iPhone boost

Apple sales have continued to fall, despite strong demand for its iPhones and services like streaming platform Apple TV+. The tech giant says revenues dipped 1% to $89.5bn in the three months to 30 September when compared with the same period last year. It marks the fourth quarter in a row where sales have fallen year on year. In an update to investors, the firm said that profits had reached $23bn, helped by a new record for iPhone sales in the three-month period. Its Mac computers, for example, saw sales drop to $7.6bn for the quarter, down from $11.6bn the year before. On Thursday, the company said that sales in China had dipped by 2.5%, although Mr Cook said that after accounting for foreign exchange rates its business there had grown year on year.

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