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Apple posts first revenue drop in four years

Apple posts first revenue drop in four years

Supply chain issues and slowing demand for the iPhone caused a rare slump for the tech giant as CEO Tim Cook took a pay cutApple shares slid more than 4% on Thursday after the company posted a disappointing first quarter earnings report, including rare misses on revenue, profit and sales.The iPhone maker missed analyst expectations on profit for the first time in seven years, after strict Covid-19 lockdowns and related protests in China upended iPhone production at its biggest supplier.

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