Apple's dazzling 13-year surge ebbs as iPhone sales drop
Q2 revenue falls 13% to US$50.6b; tech giant's shares down as much as 8% in after-hours trading
Thu, Apr 28, 2016 - 5:50 AM
Sales fell faster in greater China, which includes Hong Kong and Taiwan, than in any other region, down 26% compared with the previous year. Sales in mainland China, Apple's second-largest market after the US, fell 11% as the country struggled with a slowing economy.
FROM the iPod to the iPhone to the iPad, Apple created more than a decade's worth of new gadgets to fuel its historic growth.
But the technology company's dazzling 13-year run of quarterly revenue growth ended on Tuesday - a casualty of Apple's already immense size,...