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Apple posts record profit despite selling fewer iPhones

It sold 77.3 million iPhones, far lower than analyst expectations of 80 to 83 million, but reported US$20 billion in profit

Apple executives on Thursday also touted the success of the company's businesses outside of the iPhone. Its services business, which includes the App Store, grew 18 per cent to US$8.5 billion in revenue.


APPLE on Thursday said it sold fewer iPhones in the most recent quarter than a year earlier, a surprise slip during a critical period for the tech giant when it began selling the highly-anticipated iPhone X.

In spite of the decline in phone sales, Apple reported record...

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