Apple profits drop amid slump in iPhone sales

iphone 8

Apple has suffered a drop in quarterly profits sparked by a further decline in sales of iPhones.

The tech titan’s income before tax fell 9.8% to $11.9bn (£9.8bn) in the three months to June 29.

Operating income slipped at a similar rate of 8.7% to $11.5bn (£9.5bn).

Apple said sales of iPhones slumped 11.8% to $25.98bn (£21.4bn) during the period as it faces into increasing pressure from the likes of Samsung, Google and Huawei.

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