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Apple reports first decline in revenues and profits in over a decade

Company blames iPhone sales and a downturn in China for reduced revenue, a day after it scrambled to fix FaceTime glitch

Apple reported its first decline in revenues and profits in over a decade on Tuesday.

Weak iPhone sales and a downturn in China reduced the tech company’s revenue by 4.5% to $84.3bn in the three months ending 29 December compared with the same period last year. Profits fell slightly to $19.97bn.

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from World news | The Guardian http://bit.ly/2SiYyfc
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