Channel Beat: Weak Core Refreshes Lead To Tough Q3 Earnings For Apple

Apple had a tough third fiscal quarter with Mac and iPhone sales on the downswing.

Apple's giant iPhone business saw a 23.4 decline from the same period last year.

The MacBook Pro hasn't seen a refresh in more than a year, and Mac sales dropped nearly 13 percent from Q3 of 2016.

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Apple did report growing adoption of the iPad for business during the period.

Citrix and LogMeIn announced the company will reverse-merge the GoTo business software division with LogMeIn.

The new company will be called GetGo.

GetGo will have more than 2 million customers and a projected annual revenue of more than $1 billion, but its channel future is up in the air.

There's been no communication as to when or how the two companies will create a single channel program.

Verizon's tumultuous 2016 resulted in mixed Q2 financial results this week.

The carrier reported revenue down more than 5 percent from the same period last year and missed investor's forecasts.

Net income dropped a whopping 80.9 percent from last year's Q2.

The wireless division reported upswings in its wireless division and IoT revenue streams.

Verizon acquired web giant Yahoo early in the week.