By John Glenday
The double-digit decline was precipitated largely by sales of its flagship handset slowing, slumping by 12% over the same period to hit $25.06bn.
Despite having first launched over a decade ago, Apple continues to derive over half its profits from iPhone sales, making the waxing and waning of its popularity a key indicator of its underlying health.
In recent times the iPhone has acted as a drag on profits rather than supercharging them as consumers resist the urge to Read full story ›
Source: The Drum