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reported a small but surprising fall in iPhone sales for the first three months of 2017. The company sold 50.8 million iPhones in the last quarter, down 1% on an annual basis. Chief Executive Tim Cook said the “pause” was due to customers waiting for the next iPhone, traditionally due out in September. But Apple’s shares were down 1.8% or $2.66 in pre-market trading on Wednesday morning in New York; Apple reported after trading closed on Tuesday. The stock had hit an all-time high of $147 per share on Tuesday as investors expected a blowout quarter, Forbes’ Brian Solomon reports.
The results were mixed overall. While iPhone sales did slide, the company was more profitable than expected, earning $2.10 per share compared with the $2.02 expected by analysts, Solomon added.
Microsoft unveiled its next Surface laptop along with the Windows 10…