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It's clearer than ever Apple's iPhone problem isn't going away
Apple's iPhone business is in decline -- and there appears to be no end in sight. Apple (AAPL) said Tuesday that iPhone revenue for the all-important holiday quarter fell 15% from the same period a year ago, a steep drop for a product line whose sales growth defied gravity for years.
The shrinking iPhone sales led to Apple's first holiday quarter revenue decline since 2000.