Sales of the Apple Watch more than halved in the second quarter, with new figures from researcher IDC suggesting chief executive Tim Cook’s first significant product is failing to live up to expectations.
The sharp decline is highly unusual for a new Apple product so early in its life and will compound Wall Street concerns about the company’s overall growth prospects this year.
The iPhone posted nine years of uninterrupted growth from its launch in 2007 until the first quarter of this year, when unit sales fell 16 per cent to 51m.
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