Apple’s iPhone Sales Slide Again Despite Beating Expectations; Why Investors Are Still Hopeful

Apple Inc. just had a bad quarter, again. The company’s profit fell in the third quarter of this year while sales of its flagship smartphone also slid during the period. Even worse, Apple is forecasting another decline in revenue next quarter. Yet, the Cupertino, California-based tech giant’s stock rose on the earnings report, indicating that investors are looking at the latest earnings results in a way which is soothing their concerns about the company’s growth.

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