Apple points to wearables and services as iPhone sales fall in China and Europe
Apple has reported a first-quarter decline in revenues of five per cent, caused by a 15 per cent drop in iPhone sales.
Total revenues weighted in at £84.31 billion during the quarter, down from the $88.3 billion achieved in the same quarter last year.
The results follow on from a profits warning issued at the start of the year, which warned that revenues would weigh-in around the $84 billion mark. In that warning, the company attributed the tougher sales conditions to differences in timings of major product releases compared to the previous year, and a fall in sales in China.
