Wednesday 3 May 2017

Apple's iPhone sales in surprise drop

Apple sold fewer iPhones than a year ago in the first three months of 2017, the company said in its latest results.

The California firm, which is due to release a new phone later this year, said it sold 50.8 million iPhones in the period, down 1% year-on-year.

Apple boss Tim Cook blamed a "pause" as customers wait for the next iPhone.

Shares in the firm fell nearly 2% in after-hours trading after earlier hitting a record high on expectations of better results.

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