Apple said on Thursday that revenues shrank for a second straight quarter compared with a year ago, though its results were still ahead of analysts’ forecasts as iPhone sales bounced back more quickly than expected.
Total revenues fell 2.5 per cent year-on-year to $94.8bn, driven by steep declines in sales of Mac computers and iPads, while net profits were down 3.4 per cent to $24.2bn. Analysts had predicted $93bn in revenue and $22.6bn in net profits, according to Refinitiv.
“The macro environment is tougher than it was, and that affected the PC and tablet industry,” finance chief Luca Maestri told the Financial Times.
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