Apple revenue News
In an earnings call with analysts late Tuesday, Cook said that tactically, the emerging markets had a bit of a rebound in the third quarter that saw Apple Services vertical grow further.
Apple reported net income of $11.5 billion and operating cash flow of $14.5 billion.
The net income was up to $8.72 billion ($1.67 per share) from $7.80 billion ($1.42 per share) a year earlier.
Riding on the success of iPhone 7 and Apple Watch, the Cupertino-based company on Wednesday announced an all-time record revenue of $78.4 billion -- with a record quarterly earnings per diluted share of $3.36 -- for the first quarter of 2017 that ended on December 31.
Apple said Wednesday it was revamping its App Store with a new revenue-sharing model for app developers and, for the first time, search-related advertising.
US tech giant Apple posted its first drop in quarterly revenue in 13 years and its decline in iPhone sales for the first time in history.
Lower-cost phones sold there by up-and-coming rivals such as Xiaomi appeared to be grabbing market share mainly from other companies that rely on Google`s Android software.
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