Apple posts quarterly revenue decline; iPhone sales solid

Apple has once again posted an, until now, rare revenue decline in its latest fiscal quarter. But the tech giant says its overall business improved from the December quarter and sales of its iPhones were solid. The company earned $24.16 billion, or $1.52 per share, in the three-month period that ended April 1. That’s down slightly from $25.01 billion, also $1.52 per share, a year earlier. The latest numbers come after the Cupertino, California, company in February posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season.