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Apple: quarterly revenue and profit down year on year, iPhone sales decline

2023-02-02T22:12:06.941Z

The apple brand's revenue fell 5.4% for the period from October to December, compared to the previous year.

Apple on Thursday released quarterly revenue and net profit down year on year and below expectations, which suffered from the decline in sales of iPhones, the Apple firm's flagship product.

Read alsoAmazon exceeds expectations with more than 149 billion dollars in turnover at the end of 2022

Revenue was $117.1 billion, down 5.4% year on year for the October-December period, which is the first quarter of its lagged fiscal year, according to a statement.

Source: lefigaro

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