Apple posted its first quarterly drop in revenue since 2016, after weak iPhone sales during the recent holiday season caused by pandemic-related restrictions on its factories in China. Unlike its peers in technology, Apple hasn’t signaled any intention to resort to mass layoffs, despite the quarterly downturn.

source https://www.gadgets360.com/mobiles/news/apple-earnings-first-quarterly-revenue-drop-since-2016-weak-iphone-sales-3748975#rss-gadgets-all