"We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus," Apple chief executive Tim Cook said in the earnings release.Cook said the company has seen "great" response to new iPhone 7 Red Special Edition models and is "thrilled with the strong momentum of our services business, with our highest revenue ever for a 13-week quarter. "Still, iPhone sales dipped slightly compared with a year ago to 50.8 million units, below most forecast for the key profit machine for Apple.During a conference call with analysts, Cook said Apple was seeing a "pause" in iPhone purchases that he felt was caused by unconfirmed "reports about future iPhones. "We continued to believe there is an enormous opportunity there," Cook said on mainland China. "In the scheme of things, our business is pretty large there. "Apple is also investing heavily in India, the third largest smartphone market in the world behind China and the US, according to Cook.Apple set a new March quarter revenue record in India, growing by double digits.

Source: Economic Times May 03, 2017 02:40 UTC