Sales of Apple 's iOS , the company ’s most important product , fell for the first time ; the company also missed expectations for its revenue , earnings and quarterly guidance , thereby sending shares down by more than 6 % . Apple made up some ground with strong growth in its services and “ other products ” business lines , however , they were offset by weak sales in China , Apple ’s second - largest market , which saw sales drop by 26 % to $ 12.4bn for the quarter . And the recent shutdown of Apple’s movie and e-book stores in China signals a tighter crackdown on foreign companies offering internet services. This followed comments this week by Chinese tech entrepreneur and Chairman of LeEco , Jia Yueting , who told CNBC that Apple is " struggling " and losing business in China
Sales of Apple 's iOS , the company ’s most important product , fell for the first time ; the company also missed expectations for its revenue , earnings and quarterly guidance , thereby sending shares down by more than 6 % . Apple made up some ground with strong growth in its services and “ other products ” business lines , however , they were offset by weak sales in China , Apple ’s second - largest market , which saw sales drop by 26 % to $ 12.4bn for the quarter . This followed comments this week by Chinese tech entrepreneur and Chairman of LeEco , Jia Yueting , who told CNBC that Apple is " struggling " and losing business in China