Apple has reported a dip in second quarter profits and sales as demand for its iPhone models weakens across almost all of its markets worldwide.
Profits for the technology retailer slipped 2% to £18.82bn ($23.6bn) in the three months to 30 March, down from £19.2bn ($24.2bn).
Sales dropped 4% to £72.5bn ($90.7bn), making it the steepest decline in over a year, with only Europe recording postive growth.
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Apple reported revenue for its iPhones models plunged 10% from £40.8bn ($45.9bn) to £36.6bn ($51.3bn).
The retailer claimed its results were distorted by Covid-related supply delays, which caused unusually strong revenues during the same time last year.
Apple insisted that sales would return to growth in the months ahead and chief executive Tim Cook told CNBC that overall sales would grow “in the low single digits” during the next quarter.
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