Apple Reports Slight Revenue Dip Despite Robust iPhone and Service Demand [from TechWinger]

Apple Reports Slight Revenue Dip Despite Robust iPhone and Service Demand [from TechWinger]

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November 5, 2023 (TechWinger) — Apple, the tech behemoth, has experienced a marginal decline in sales despite witnessing strong demand for its flagship product, the iPhone, and its burgeoning services like Apple TV+. In the fiscal quarter ending on September 30, the company reported a 1% decrease in revenues, amounting to $89.5 billion (£73.3 billion), compared to the same period the previous year.

Sales of Apple’s Mac computers and iPads struggled to maintain their post-lockdown momentum, marking the fourth consecutive quarter of year-on-year sales decline.

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