Apple reports first decline in revenues and profits in over a decade.

0

Apple reports first decline in revenues and profits in over a decade.

It has been reported lately that Apple has recorded its first decline in revenues and profits in over a decade.

There has being weak iPhone sales and a downturn in China which has reduced the tech company’s revenue by 4.5% to $84.3bn in the three months.

Revenues from China were $13.17bn during the quarter, a drop of nearly $5bn from a year ago.

The results came three weeks after Apple shocked investors with its first profits warning since it launched the iPhone, in 2002.

The results also come a day after Apple scrambled to fix a glitch with iPhone’s FaceTime, a video chat application, that allowed users to listen in on the people they were calling when they did not pick up the call.

The company was forced to disable its Group FaceTime feature after it was revealed the bug allowed people to listen to the people they were calling before they answered their phone.

LEAVE A REPLY