IPhone 6S

Apple sales lose ground, but iPhone growth strong

Apple has reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.

The tech giant made a profit of $23 billion on revenue of $89.5 billion, which was down slightly from the same period last year.

Apple chief executive Tim Cook said iPhone sales set a new record for its September quarter.

Apple is Ready to Pay up to $ 500 Million in Compensations for Intentionally Slowing Down the Older iPhones

Each iPhone owner whose work was deliberately slowed down by the manufacturer will receive $ 25.

Technology giant Apple is ready to compensate customers who are affected by the controversial and deliberate practice of quietly slowing down older iPhones as the company launched new models, to induce owners to buy replacement phones or batteries.