		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Apple has reported the largest single quarter profit in corporate history, but is predicting the first ever decline in iPhone sales later this year.</p>
<p>The California-based technology giant posted a profit for the quarter ending December 26 of 18.4 billion US dollars (£12.8bn), having sold 74.8 million iPhones in the three-month period.</p>
<p>However, there was iPhone sales growth of just 0.4%, the slowest rate in the history of the Apple smartphone, and a huge drop compared to the 46% growth in sales in the same quarter last year.</p>
<p>But the company’s performance was still enough to break the profit record set this time last year, with sales up 56% on the last quarter too.</p>
<p>Apple chief Tim Cook said: “Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV.</p>
<p><a href="http://londonglossy.com/wp-content/uploads/2016/01/1453846491-0b5aa0ef11478667e42080d1a5a9eb13-600x800.jpg" rel="attachment wp-att-84897"><img src="http://londonglossy.com/wp-content/uploads/2016/01/1453846491-0b5aa0ef11478667e42080d1a5a9eb13-600x800.jpg" alt="1453846491-0b5aa0ef11478667e42080d1a5a9eb13-600x800" width="600" height="800" class="alignleft size-full wp-image-84897" /></a></p>
<p>“The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”</p>
<p>All analyst eyes were also on Apple’s guidance for the next quarter, and the company confirmed rumours that it would suggest a drop in revenue – offering guidance that revenue for the second quarter of 2016 would be between 50 and 53 billion US dollars (£35-37bn), down from 58 billion (£40bn) in the same quarter last year.</p>
<p>The results also revealed that Apple sold just over 16 million iPads, as well as 5.3 million Macs.</p>
<p>Luca Maestri, Apple’s finance officer added: “Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment.</p>
<p>“We generated operating cash flow of 27.5 billion US dollars (£19bn) during the quarter, and returned over 9 billion US dollars (£6.2bn) to investors through share repurchases and dividends. We have now completed 153 billion dollars (£106bn) of our 200 billion dollar (£139bn) capital return programme.”</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68cd2e2a93f89">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68cd2e2a93f89',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
