Apple has blamed its European sales and iPhone 5 rumours for missing its forecasted Q3 profits by $1bn (£650m). The company posted quarterly revenue of $35bn (£22.5bn) and quarterly net profit of $8.8bn...
The firm has been struggling since buying HPE's software business in 2017
But iPhone sales dipped nearly 7 per cent from a year ago
Q3 2020 profit of $10.75 billion is up 22 per cent from the same period last year
Cuts due to a lack of new projects and investors being more cautious