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Results raise concerns Apple has lost its tech superiority

Annual revenue falls for the first time since 2001, highlighting the slowdown in the smartphone market

    Published Wed, Oct 26, 2016 · 09:50 PM

    London

    APPLE Inc posted its third successive quarter of declining iPhone sales on Tuesday, sending shares slipping despite the promise of better-than-expected holiday sales.

    The world's most valuable publicly traded company said improved sales from China were around the corner, despite revenue falling almost 30 per cent from the country in the fiscal fourth quarter. It said sales so far to India have only scratched the surface.

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