Apple Profits Surge To $20 Billion In Record Quarter

Apple on Thursday said it made $20 billion (INR 2000 Crores) profit in a record-setting quarter and said sales of its newest iPhone X smartphone were better than expected report in Dubai based newspaper.

Revenue in the final three months of last year increased 13 percent to $88.3 billion, according to the California-based technology giant.

Apple also working to fix an Apple News issue that caused some users to receive duplicate notifications. We apologize for the inconvenience this caused.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup,” said Apple chief executive Tim Cook.

“iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”

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