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USA, World economy

Apple sales fall as revenues in China take a hit

Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped.

Slowing sales in established markets hasn’t been too much of a problem for Apple, as China has always been there to prop up its earnings and keep it posting quarter after quarter of record breaking profits.

But with revenues in China taking a hit, the whole company suffers.

Excerpt sourced via BBC, graph via Yglesias. To read the full news please visit the BBC.

  

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