Apple suffers first quarterly sales decline in nearly four years

The company’s sales of 117 billion dollars for the October-December period represented a 5% decline from the same time in the previous year (Amr Alfiky/AP)

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the festive season.

The company’s sales of 117 billion dollars (£96 billion) for the October-December period represented a 5% decline from the same time in the previous year, a deeper downturn than analysts had projected.