Apple profit stable in 2018’s last quarter even as iPhone sales dip

Apple said on Tuesday that profits held steady in the most recent quarter, with revenue growth in music, movies, apps and other services offsetting slumping iPhone sales, sparking a rally in shares of the California tech giant.

Profit in the final quarter of last year was $20 billion -- a dip of less than 1% -- on revenue of $84.3 billion, even as money from iPhone sales was down 15% from the same period in 2017.

| Updated on: Jan 30 2019, 13:18 IST
Hindustan Time Tech
First Published Date: 30 Jan, 13:11 IST
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