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APPLE’S FISCAL 2Q REVENUE, PROFIT SAG AMID iPHONE SLUMP

Apple’s sales are still shrinking amid weakening iPhone demand, despite the company’s increasing emphasis on services designed to bring in a steady flow of money from the 1.4 billion of its devices still in use.

Revenue for the January-March quarter fell 5% from the same time in 2017 to $58 billion, the company said in its earnings report Tuesday.

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