The iPhone sales numbers, and a profit of almost $18 billion, both handily beat Wall Street expectations, sending its shares up 3 per cent in after-hours trading. Apple sold 78.29 million iPhones in the fiscal first quarter ended Dec. 31, up from 74.78 million the year before. For the holiday quarter reported on Tuesday, net income fell to $17.89 billion from $18.36 billion the year before. Revenue rose 3.3 per cent to $78.35 billion, compared with the average analyst estimate of $77.25 billion. Also Read: iPhone 7 and iPhone 7 Plus review: The best iPhones Apple has made

Source: India Today February 01, 2017 05:07 UTC