Apple’s iPhone sales are still sputtering while the
company tries to offset the decline by milking
more money from digital services such as music.
The latest evidence of the iPhone’s waning
popularity had been expected. Even so, the
confirmation in Tuesday’s fiscal third-quarter
earnings report underscored the challenge
facing a company that has been riding the
smartphone revolution for the past decade.
The iPhone’s downturn is the main reason
Apple’s profit for the April-June period fell 13%
to $10 billion.