After setting iPhone record, Apple forecasts rare sales drop

SAN FRANCISCO, Rabi’II 17, 1437, January 27, 2016, SPA — Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world’s most valuable company, according to AP.
The tech giant says revenue could fall at least 8.6 percent during the January-March quarter, compared with a year earlier. Analysts say the latest iPhone models aren’t providing the boost Apple needs to match the massive sales growth it enjoyed last year.
Apple executives painted the downturn as a momentary hiccup. But they also acknowledged the company is working to broaden its business beyond the iPhone itself, which in recent years has provided the bulk of Apple’s revenue.

–SPA
03:17 LOCAL TIME 00:17 GMT