BizSugar.com › News › Shares In Apple Tumbled, Investors Start to Grumble

Shares in Apple tumbled after the tech giant reported its first quarterly drop in sales in more than a decade.
CEO Tim Cook blamed an over-saturated market and “strong macroeconomic headwinds” for the company’s first-ever decline in iPhone sales, which caused Apple to fall well short of Wall Street’s quarterly expectations on Tuesday.