iPhone sales plunge at record pace; Apple lighter by whopping $6.5 bn
Apple posted better earnings and revenue than Wall Street expected for the March 2019 quarter -- even as sales of its flagship iPhones were $6.5 billion lighter in the period, down by 17 per cent.
Apple lifted its outlook for the three months to June, sending its shares over 5 per cent higher in after-hours trading. Image source: Reuters