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Apple misses Wall Street's profit expectations as iPhone sales drop, but CEO Cook says production is back where the company wants it to be - Full story to come

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Full story here:

Apple's weak iPhone sales drive first profit miss since 2016

Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company's biggest seller.

9:36 PM · Feb 2, 2023

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Two lone increases in revenue for fiscal Q1: Services and iPad. Apple CEO Cook tells Reuters that iPad benefited from new products and freedom from supply constraints that had hit the product in the year earlier period.

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