Yahoo Finance

Apple’s iPhone sales fell in the all-important December quarter, a sign that its artificial-intelligence software has yet to kick off a new cycle of growth for its most valuable product. On Thursday, Apple reported that iPhone sales for the quarter were down nearly 1% from the prior year to $69.1 billion, a miss from the $70.7 billion analysts were projecting, according to FactSet. Apple’s total revenue was $124.3 billion, rising almost 4% from the same quarter last year.