Apple revenues of $47B in-line but down, iPhone sales down year-over-year

by Greg Sterling
Apple’s fiscal fourth quarter earnings are out. Revenues of $46.9 billion were in line with analysts’ modest expectations; earnings per share of $1.67 beat expectations. However, the company reported its first year-over-year revenue decline since the introduction of the iPhone. Revenues were off nearly $9 billion vs. last year. The stock is down in after-hours trading.Read the full article