You are here: Home » Companies » News
Business Standard

'Supply constrained' Apple's iPhone sales keep falling, shares down

Apple orecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.

Topics
Apple

Reuters 

  Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down. The world's most valuable publicly traded company said improved sales from China were around the corner, despite revenue falling almost 30 percent from the country in the latest quarter. It said sales so far to India have only scratched the surface. But a slight miss on fiscal fourth-quarter revenue and a projection of gross profit margins a ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, October 26 2016. 08:08 IST
RECOMMENDED FOR YOU