iPhone sales have declined by 20%.

Apple in its Sep 2020 statement reported that iPhone sales declined by 20 percent compared to last year.

Apple in its Sep 2020 statement reported that iPhone sales declined by 20 percent compared to last year.Apple announced its Q4 results, which beat expectations, but the company did not provide any forecast for the coming quarter due to uncertainty created by the pandemic. It reported a revenue of $64.7 billion with a slight decrease in the EPS. The decline in iPhone sales was due to the delayed release of the new iPhone this year. It was the steepest quarterly drop in iPhone sales in at least three years, and the main laggard was the China region. Total iPhone sales dropped 20.7 percent to $26.44 billion in the quarter.

However, the company beat estimates to register its biggest fourth quarter buoyed by Macs, iPads, and services businesses.