The American tech giant said it had sold 50.7m iPhones in the three months to the end of April, 1 per cent below the same period a year ago, reports The Telegraph. "That's another whole topic", Cook said, lightly commenting on current United States tax policy that Apple claims prevents it from repatriating a majority of its overseas cash. He also said in a statement that the firm has noted "great customer response" to both models of the new iPhone 7.
Apple CEO Tim Cook attributed the disappointing numbers to the "consequence of the number of rumors and reports about future products".
Sales in the company's services business - which includes the App Store, Apple Music, Apple Pay and iCloud - jumped 17.5 percent to $7.04 billion.
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The Department of Justice received a detailed readout from the Federal Bureau of Investigation agents who had interviewed Flynn. That created "a situation where the national security adviser, essentially, could be blackmailed by the Russians", Yates said.
Revenue rose 4.6 percent to $52.9 billion in the quarter. Apple said the segment generated $7.04 billion in revenue this past quarter, the second straight quarter it's crossed the $7 billion threshold, and a $1.05 billion rise year-over-year.
The company is investing heavily in India, the third largest smartphone market in the world behind China and the US, Cook said, as he revealed that Apple set a new March quarter revenue record in the country, growing by double digits.
Apple hopes that its $1 billion investment will expedite job creation and growth. Despite the strong financial results, iPhone and iPad shipments were weaker than consensus estimates, causing many analysts to reduce earnings estimates for the remainder of the year. The drop will also paint sales of the iPhone 8 in an even better light, as the near-certain jump in sales will be even more marked. For the second quarter ever, sales of Apple's smartphone fell.
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Defensively, the New York Rangers are allowing 2.6 goals per game and are killing 79.8 percent of their opponents power plays. Down 2-1 going into the final 20 minutes, Nicklas Backstrom evened the contest less than three minutes into the third.
Its share price has risen more than 25% this year as investors speculate that US President Donald Trump will help firms repatriate massive cash piles from overseas, at a reduced tax rate, to aid the country's economy.
It was once unheard of, but once again Apple has reported a decline in the number of iPhones being sold. So, we're putting a lot of energy in, just like we have in other geos that eventually wound up producing more and more.
Justin Trudeau congratulates Emmanuel Macron on French election victory
In addition, it is less established on the ground, which could make campaigning a challenging task to say the least. On May 7, Macron was elected French president, taking around 65 percent of the vote to Le Pen's 35 percent.
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