IPhone Sales Disappoint as Apple Reports Meh Q1 Earnings

Maybe people are waiting for the iPhone XI.

Apple’s much-hyped slate of new smartphones — including the top-line $999 iPhone X — couldn’t propel the world’s biggest company to the “supercycle” wave of phone upgrades Wall Street was banking on. The consumer tech giant sold a whopping 77 million iPhones last quarter, Apple announced on Thursday, but still came in well below analyst estimates of roughly 80 million devices.

That figure also came up short of Apple’s record 78.3...

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