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Apple suffers worst slowdown in iPhone sales since 2013

Apple-FBI

New York : Tech giant Apple Inc has reported its worst week on the stock market since 2013 with a slowdown in iPhone sales.

The shares of Apple have dropped 11 percent in the past five sessions, Reuters reported.

The Revenue from China plunged further to 26 percent during the March quarter after Apple’s iBooks Stores and iTunes Movie service were shut down in the country last week.

“If you are going to buy Apple, you have to buy it for the long term, because the next year or two are going to be very tough,” said Michael Yoshikami, chief executive of Destination Wealth Management. (ANI)

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