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Slowing iPhone sales aren’t hurting Apple’s bottom line

“Apple, which makes about 56 percent of its revenue from the iPhone, has had to deal with slowing sales growth for its biggest product” writes Hayley Tsukayama for washingtonpost.com. Samsung and Apple have countered slowing sales growth by offering more expensive phones, which deliver greater profits.Samsung, Apple’s chief smartphone competitor, cited less-frequent upgrades as a reason its flagship models failed to deliver expected sales in its Monday earnings call.Its mobile unit reported a 22 percent drop in sales revenue to $20.2 billion compared with the same time last year.
 
Source: washingtonpost.com



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