Apple forecasts rare sales drop despite iPhone record

Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world’s most valuable company.

The tech giant says revenue could fall at least 8.6% during the January-March quarter, compared with a year earlier. Analysts say the latest iPhone models are not providing the boost Apple needs to match the massive sales growth it enjoyed last year.