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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Apple delivers record profit, seeks to allay iPhone X fears

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San Francisco: Apple said its earnings in the final three months of last year set new records, with sales of its flagship iPhone X topping its expectations. The California-based technology giant reported that profit climbed to $20 billion on revenue that increased 13 per cent to $88.3 billion during the period.


“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.


“iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”


However, Apple reported that overall iPhone sales in the quarter of 77.3 million were about a million fewer than the same period a year earlier. — AFP


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