Apple profits up on services | The Malaysian Insight

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Apple profits up on services

Apple is shifting to earnings from digital content and services sold to the legions of fans of its devices, as iPhone sales stall. – EPA pic, July 31, 2019.

APPLE yesterday delivered stronger-than-expected results in the just-ended quarter as growth from services helped offset weak iPhone sales, sparking a rally in shares of the tech giant. Profit in the third quarter to June fell 13% from the year-ago period to US$10 billion while overall revenues increased 1% to a better-than-forecast US$53.8 billion.

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