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How Sluggish Demand for iPhones Is Hurting Apple’s Revenue

How Sluggish Demand for iPhones Is Hurting Apple’s Revenue

In the fourth quarter of fiscal 2018, Apple’s (AAPL) iPhone sales rose 29% YoY (year-over-year) to $37.2 billion. Two of Apple’s suppliers, Qorvo (QRVO) and Lumentum (LITE), also lowered their guidances due to softness in iPhone-related orders.