Apple forecasts second sales drop as iPhone woes deepen

Chief executive Tim Cook said the smartphone market "is currently not growing"

27th April, 2016
Smartphone demand is falling Pic: Getty

Apple's streak of 51 consecutive quarters of uninterrupted sales growth is over – and its expansion may not resume until late this year.

That era of untrammelled expansion hit a wall in the quarter that ended in March as fewer people upgraded to the latest iPhones, and the company is predicting another decline in the current period.

With the introduction of a new model still months away, Apple investors are seeking answers on whether lacklustre sales...

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