Apple's record service revenue couldn't make up for falling hardware sales

As many Apple watchers have predicted, the company's financial results this quarter are a break from the last few years of nonstop growth. The iPhone maker reported a revenue of $117.2 billion for its first fiscal quarter (ended December 2022), which is five percent down year over year, marking the first time Apple's revenue is down since 2019. There are a couple of bright spots in the company's performance, namely in its setting a revenue record of $20.8 billion in its Services business and hit...