Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset.
The 10 percent drop in year-over-year iPhone sales for the January–March period is latest sign of weakness in a product that generates most of Apple’s revenue. It marked the biggest drop in iPhone sales since July–September period in 2020, when production bottlenecks caused by factory closures during the pandemic resulted in a delayed release of that year’s model.
