Apple's Top Line Sinks Again

Apple reported a 15% year-on-year decline in revenue for the quarter ending June 25th to 42.4 billion US dollars. It said that iPhone revenues were down 23% to 24 billion dollars, but services revenues climbed 19% to almost 6 billion dollars.

Apple forecast revenues of between 45.5 billion and 47.5 billion dollars for the current quarter, which would represent a decline of between 8% and 11% from the 51.5 billion dollars it reported for the equivalent quarter last year. Source: Apple statement