Apple Forecasts Second Sales Drop as iPhone Woes Deepen

Apple Inc.’s streak of 51 consecutive quarters of uninterrupted sales growth is over — and its expansion may not resume until late this year.

A boom in demand for smartphones, music players and other electronic devices propelled Apple’s annual revenue by $227 billion in the 13 years since the last quarterly drop, resulting in a skyrocketing stock price that made Apple the world’s most valuable company.

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http://www.bloomberg.com/news/articles/2016-04-26/apple-forecasts-another-sales-decline-as-iphone-demand-cools