Wednesday, January 27, 2016

Shares : Apple reported weakest iPhone sales since 2007

Share tips & updates : Company has told in reports that, this is the weakest sales ever of its market-leading iPhone, after years of rocketing growth, but the tech giant still disclosed record quarterly profit.

Total income for the quarter ending Dec 26 was two per-cent high than the same period a year ago at 18.4 billion USD, while revenue of USD 75.9 billion set another record for the company, also edging up two per-cent.

The results were largely in line with hopes that iPhones sales, the driver of two-thirds of Apple revenue -- had peaked & that of the company would need to find new ways of growth. Apple shares have slid 20 per-cent since previous year on these concerns.

But in after-market trade yesterday the stock was down a modest 0.7 per-cent at 99.30 USD. Our team delivered Apple's largest quarter ever, thanks to the world's most innovative products and all-time record sales of iPhone,  Apple TV & Apple Watch, Tim Cook told in reports.

Read More : Share tips