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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

Published Fri, Feb 2, 2018 · 09:50 PM
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Washington

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 profit in the all-important holiday quarter.

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