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Apple forecast falls brief as iPhone gross sales miss estimates

Apple forecast lower-than-expected income for the present quarter and reported iPhone gross sales from the essential vacation interval that missed analysts’ forecasts, suggesting waning demand for its most-important product.

The Cupertino firm stated income within the three months ending in March will likely be $60 billion to $62 billion. Analysts anticipated $65.9 billion.

For the ultimate quarter of 2017, Apple stated it bought 77.three million iPhones, down 1 % from a 12 months earlier and under analysts’ projections of 80.2 million items. The common promoting value was $796 — forward of expectations — suggesting its flagship iPhone X handset bought comparatively properly.

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