Tag Archives: Slump

Apple Sees Drop in Profit, Revenue as iPhone Sales Slump

Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company’s efforts to curb dependence on its smartphone. The company said Tuesday that profit fell 19 percent to $9 billion (roughly Rs. 60,134 crores)┬áin the fiscal quarter ending September 24. Revenue fell nine percent to $46.9 billion (roughly Rs. ... Read More »