Apple -Sales: Sales Current Estimates Despite iPhone, China Weakness

Apple Inc. Reported surprise sales fall for both the iPhone and its China business during the central holiday season, marking an otherwise strong quarter for the world’s most valuable company.

Revenue from China fell 11% to $ 18.5 billion in the fiscal first quarter, which ended December 28, Apple said in a statement Thursday. Analysts had expected a win for $ 21.6 billion. Meanwhile, the sale of iPhone fell less than 1% to $ 69.1 billion. Wall Street projected $ 71 billion.