Drop in iPhone sales hits Apple revenue

Lower sales of Apple's iPhone models in some regions of the world have hit the firm's financial performance, but it is bullish on future services revenue. Apple revealed that its revenue from iPhone sales fell 15 percent in the most recent quarter, driving a 5 percent overall drop in the firm's revenue compared to a year earlier. Revenue in the quarter was $84.3 billion, which is around ... [ read the full article ]