Apple posts 3rd straight quarterly sales drop despite China growth

Japan logs the sharpest revenue decline for the iPhone maker

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Apple's iPhone sales fell 2.5% on the year to $39.7 billion. © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S. -- Apple on Thursday reported that revenue fell for a third straight quarter as a gloomy macroeconomic outlook weakens global consumer demand, with Japan sustaining the largest drop but China returning to growth.

For the three months ended July 1, Apple's total revenue dipped 1.4% on the year to $81.8 billion. Its main revenue driver, the iPhone, fell 2.5% to $39.7 billion.

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