APPLE’S RECORD QUARTERLY EARNINGS

Apple has clocked its highest ever quarterly revenue in Q1 2018 ( the fiscal quarter ended in December 2017), reaching $ 88.3 billion, up 13 per cent YoY. The Cupertino company has generated $ 20 billion in profit. However, it has seen slightly weak demand and sold 77.3 million iPhones in this quarter, exactly one million less than what it had shipped in the same period a year ago.