Apple sees first profit miss since 2016, driven by weak iPhone sales

Apple sees first profit miss since 2016, driven by weak iPhone sales

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Apple Inc AAPL-Q on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company’s biggest seller. Shares of Apple fell 5% after publication of the results. Apple sales fell 5% to $117.2…

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