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Apple Inc.’s streak of 51 consecutive quarters of uninterrupted sales growth is over — and its expansion may not resume until late this year. A boom in demand for smartphones, music players and other electronic devices propelled Apple’s annual revenue by $227 billion in the 13 years since the last quarterly drop, resulting in a skyrocketing stock price that made Apple the world’s most valuable company. QUICKTAKE Apple That era of untrammeled expansion hit a wall in the quarter that ended in March as fewer people upgraded to the latest iPhones, and the company is predicting another decline in the current period.

Source: Apple Forecasts Second Sales Drop as iPhone Woes Deepen – Bloomberg