Apple (NASDAQ:AAPL) reported a holiday season sales decline that exceeded Wall Street fears, highlighting the impact of the economic slowdown and ongoing supply issues. The company announced Thursday that first-quarter revenue reached $117.2 billion, down from Wall Street’s forecast of about $121.1 billion. Apple shares fell in after-hours trading. Over the past year, demand for smartphones and computers has declined. Timing is another issue: The company didn’t launch new Macs and HomePods until recent weeks, missing the end of the first quarter. Apple did not provide a second-quarter revenue outlook, continuing its usual practice since the beginning of the pandemic in 2020.