Apple has ended the quarter with its first revenue gain in over a year, but the company still struggled to cope with a decline in global smartphone demand. The company posted $119.58bn in revenue and $2.18 in earnings per share (EPS), beating Wall Street expectations of $117.91bn in quarterly revenue and $2.10 in EPS. Apple broke its four-quarter streak of declining revenue with a reported 2% growth in sales. Shares dropped in after-hours trading.
However, the news wasn’t all rosy for the iPhone maker. The company’s sales in China, its third-largest market, dropped from $23.9bn to $20.8bn. Global iPad sales dropped to $7bn in the most recent quarter, from $9bn in the same quarter last year.
