Tim Cook says iPhone revenue would have grown without supply constraints, currency fluctuations were a challenge, and layoffs are a “last resort kind of thing” (Aaron Tilley/Wall Street Journal)

Aaron Tilley / Wall Street Journal:
Tim Cook says iPhone revenue would have grown without supply constraints, currency fluctuations were a challenge, and layoffs are a “last resort kind of thing”  —  Revenue in holiday quarter fell for the iPhone maker for the first time in nearly four years