Ron Burgundy Posted October 26, 2016 Share Posted October 26, 2016 Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down. "In essence, in China and elsewhere, while Apple’s products are still seen favorably, the distance between Apple and its competitors is nowhere near as great as it once was," Neil Saunders, head of retail research firm Conlumino, wrote in a note. Apple shares fell 2.8 percent to $114.99 in after-hours trading. View the full article Quote Link to comment Share on other sites More sharing options...
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