Apple posts less than expected iPhone sales

Apple’s iPhone sales over the holiday season and revenue projections for the current quarter trailed analysts’ estimates, adding to evidence that its flagship product is losing steam.

28th January, 2014
The iPhone 5c range.

Apple’s iPhone sales over the holiday season and revenue projections for the current quarter trailed analysts’ estimates, adding to evidence that its flagship product is losing steam as a growth engine in a crowded smartphone market.

Apple said in a statement today that it sold a record 51 million iPhones for its fiscal first quarter ended Dec. 28, missing analysts’ estimates of 54.7 million handsets. The company also said revenue will be...

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