Apple profit jumps to $27.5b as iPhone, services drive record quarter

Apple profit jumps to .5b as iPhone, services drive record quarter

AFP

Quick Read



Despite weaker China sales, Apple posted record September quarter results. Photo / Getty Images

Apple has reported a profit of US$27.5 billion ($47b) in the recently ended quarter, powered by iPhone and “services” revenue.

The net income, with revenue of US$102.5b, beat market expectations, despite a slight ebbing of revenue in China when compared with the same period a year earlier.

“Apple is