Apple reveals rare drop in revenue in latest results

Results were better than Wall Street’s muted expectations and Apple’s stock inched higher in trading.

Apple’s revenues showed a rare fall (AP Photo/Gene J. Puskar, File)

Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid.

The results reported on Thursday were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading.