Apple Inc. results next week will likely show iPhone sales growing again, bucking a year of declines. That's even though the iPhone 7 Plus model costs $20 more than the iPhone 6S Plus when it was introduced. The trend would underscore concern that smartphone advances nowadays aren't enough to maintain the bonanza iPhone revenue growth that the Cupertino, California-based company used to enjoy. Apple's revenue decline in the last fiscal year, which ended in September, represented the first such drop since 2001, as falling iPhone sales dragged down the total. Even after revenue from services soared last year, the iPhone still accounted for almost two-thirds of Apple's $216 billion annual sales.

Source: Economic Times January 26, 2017 14:03 UTC