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Apple shares slide after it reports decreased hardware revenue

by Editor August 4, 2023, 2:48 pm 1.9k Views

Apple shares slide after it reports decreased hardware revenue

Apple CEO Tim Cook speaks with media members at a viewing area for new products during Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.

Josh Edelson | AFP | Getty Images

Shares of Apple were down 3% Friday morning after the company reported lower year-over-year revenue for its flagship products in its third quarter earnings report.

Apple said revenue for its iPhone, Mac and iPad…

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