Apple revenue falls 3% | CNN Business

by -42 Views


Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year as consumers scale back spending on smartphones and computers amid looming recession fears.

The company’s revenue was slightly better than what Wall Street had expected, but it nonetheless represented the second consecutive quarterly revenue decline for the iPhone maker.

Apple attempted to appease investors by announcing up to $90 billion in share buybacks.


No More Posts Available.

No more pages to load.