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iPhone sales up 1.6% year-on-year, beat estimates

Wed, Aug 02 2017, 04:47 PM

Apple’s iPhone sales increased 1.6% on a year-on-year basis to 41.3 million in the April to June quarter, beating analysts’ average estimate of 40.7 million. However, on a quarter-to-quarter basis, sales were down 19.2%, though is usually a weak quarter as consumers hold back in anticipation of new models in September