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Apple delivers record profit, seeks to allay iPhone X fears


Apple delivers record profit, seeks to allay iPhone X fears
Apple delivers record profit, seeks to allay iPhone X fears
The Earnings Come Amid Concerns Over Weak Demand For The Newest And Most Expensive IPhone X, The 10th Anniversary Edition Of The Iconic Smartphone.
PTI
| Updated on: 02 Feb 2018, 08:35:29 AM
San Francisco:
Apple on Friday reported a USD 20 billion profit in a record-setting quarter and said sales of its newest iPhone X smartphone were better than expected.
Revenue in the final three months of last year increased 13 per cent to USD 88.3 billion, according to the California-based technology giant.
“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup,” said Apple chief executive Tim Cook. ....

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