Apple reports surprise fall in iPhone sales

Business & Economy 02 May 2017
Apple reports surprise fall in iPhone sales

Apple reports surprise fall in iPhone sales during second quarter

Shares fall from record levels in extended trading after the world's most valuable listed firm updates investors on its progress.

Image: The Apple iPhone7 and AirPods are displayed during an Apple media event last September

Apple's revenues and iPhone sales came in below market expectations for the second quarter of its financial year.

Its shares came off record high levels in after-hours trading when it revealed 50.7 million iPhones over the three months to 1 April – down from 51.19 million in the same period a year earlier.

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