Results
Investors breathe sigh of relief as Apple posts better-than-expected results
Company records 4.3% decline in quarterly sales but Wall Street had expected worse
iPhone maker Apple has reported a decline in sales that was less than expected in its second quarter, due to stronger-than-expected demand in China.
Revenue fell 4.3 per cent to $90.8 billion in the January to March period, the company said in a statement Thursday. That compared with an average analyst estimate of $90.3 billion. Profit in the quarter topped Wall Street projections as well.
Apple also said it expects to return to sales growth ...
