Apple Reports Slowest Ever iPhone Sales In First Quarter

Apple store on 5th avenueImage copyrightGetty Images
Apple has reported the slowest iPhone sales growth since the product's 2007 launch.
The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago.
Apple said revenue for the next quarter would be between $50bn and $53bn, below the $58bn it reported for the same period a year ago.
This would mark the company's first fall in revenues since it launched the iPhone.
Despite first-quarter iPhone sales being below the 75 million expected by analysts, it was still a record quarter for the company.
Apple revenue in the three months to 26 December was $75.9bn and net profit was $18.4bn, both of which are the highest ever recorded by the company.
Apple boss Tim Cook credited "all-time record sales of iPhone, Apple Watch and Apple TV" for the performance.
But the firm's chief financial officer, Luca Maestri, said the company was operating in "a very difficult macroeconomic environment".
BBC
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