Apple Says Sales of iPhones Have Slowed - The New York Times

Also see Tim Cook: We're Seeing 'Extreme Conditions Unlike Anything We've Experienced Before' in the Global Economy (BloombergBusiness). Next up with earnings reports: Facebook and eBay today, Amazon and Microsoft tomorrow

"The iPhone fueled Apple’s ascendance into the world’s most valuable company. But even iPhone sales have their limits.

Apple on Tuesday reported results for its fiscal first quarter that showed iPhone sales rose less than 1 percent from a year earlier, the slowest year-over-year growth rate ever for the device, which accounts for about two-thirds of the company’s revenue. Apple also issued a sales forecast that signaled that the sluggishness would continue, with the company projecting its first revenue decline in more than a decade."

Apple Says Sales of iPhones Have Slowed - The New York Times