The iPhone sales numbers, and a profit of almost US$18bil (RM79.7bil), both handily beat Wall Street expectations, sending its shares up 3% 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. Analysts on average had expected 77.42 million, according to research firm FactSet StreetAccount. That beat Samsung Electronics' 77.5 million smartphone sales in the quarter, according to tech data firm Strategy Analytics, the first time that has happened since the fourth quarter of 2011. The company said Apple Watch sales set a record last quarter, but provided no numbers.

Source: The Star February 01, 2017 02:23 UTC