Apple still posted a profit of $11.6 billion during its latest quarter, though that was down 16% compared to last year. Until recently, Apple could count on people eagerly lining up to buy its latest iPhone models at ever loftier prices. That's part of the reason iPhone sales in its latest quarter plunged 17% from last year to $31 billion. "Apple remains the iPhone company," Chatham Road Partners analyst Colin Gillis reminded investors in a research note. It's now is aiming to sign up tens of millions more to the video service, as well as others for video games and news.

Source: ABC News April 30, 2019 20:50 UTC