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Business / World Business

Apple posts record profit as iPhone sales cool

Published: 27 Jan 2016 - 08:51 am | Last Updated: 16 Nov 2021 - 09:27 am
Peninsula

A woman tries apple's iPhone 6 at an Apple store in Beijing, in this November 2, 2015 file photo.  REUTERS/Kim Kyung-Hoon/Files

San Francisco: Apple on Tuesday posted record quarterly profit of $18.4 billion as iPhone sales flattened out after years of rocketing growth.

Net income for the quarter ending December 26 was two percent higher than the same period a year earlier, while revenue of $75.9 billion set another record for the company.

AFP