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Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. It marks Apple’s first year-over-year decrease in quarterly revenue since the January-March period in 2019 when sales also slipped 5% amid slowing iPhone demand and the fallout of a trade war with China that was being waged by then-President Donald Trump. Apple’s profit also eroded during the past quarter, even though the Cupertino, California, company remained a pillar of prosperity.

<div class="at-above-post addthis_tool" data-url="http://www.metro.us/apple-suffers-1st-quarterly-sales-decline-in-nearly-4-years/"></div>Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion for the October-December period represented a 5% decline from the same time in the previous year, a deeper downturn […]<!-- AddThis Advanced Settings above via filter on get_the...

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales

CEO says supply headaches are over.

Apple has posted its first quarterly revenue drop in nearly four years