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NEW YORK: Apple Inc posted a third quarter in a row of declining iPhone sales on Tuesday, but beat Wall Street targets for its flagship product and forecast higher-than-expected revenue for the critical holiday shopping season. Shares of the world's most valuable publicly traded company fell 2.6 percent to $115.10 in after-hours trading.
Apple Inc's iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its low-cost 5C model missed the mark or whether the world's largest tech company can continue its run of smash-hit gadgets.
Apple Inc is cutting production orders for its plastic-backed iPhone 5C a month after launch, a source familiar with its supply chain said on Wednesday, fueling speculation the cheaper model of its main gadget may have been priced too high.
Apple Inc suppliers will begin mass producing displays as early as May for the next iPhone, expected to be launched this autumn, with a 4.7in screen likely to be produced first while a 5.5in version could be delayed, supply chain sources said.
Apple Inc's iPhone 6 received regulatory approval for use on domestic frequencies but still requires one more critical licence before it may be sold in the country, the official Xinhua news agency reported on Thursday.
SAN FRANCISCO: Apple Inc convinced investors that life beyond the iPhone won’t be so bad, sparking a relief rally in the stock.
Peter Navarro, a top trade adviser to US President Donald Trump, said he’s unaware of any tariff exemption for Apple Inc’s iPhone in the growing trade spat with China.