Share this article! REUTERS: Apple’s profit slows for the first time in 13 years as iPhone shipments decrease. Shares fell to $95.97 at open, knocking off nearly $20 billion from Apple’s market value of about $554 billion. Tepid demand for the latest iPhones – that succeeded blockbuster sales of the iPhone 6 and 6 Plus … Read more
REUTERS: Apple’s profit slows for the first time in 13 years as iPhone shipments decrease.
Shares fell to $95.97 at open, knocking off nearly $20 billion from Apple’s market value of about $554 billion.
Tepid demand for the latest iPhones – that succeeded blockbuster sales of the iPhone 6 and 6 Plus – led Apple to sell 74.8 million iPhones in the first quarter. It expects to sell 50-52 million units in the March quarter.