Apple Stock News: Despite fall in IPhone sales, Apple profits up in last 3 months of 2017

Apple announced financial results for its fiscal 2018 first quarter ended December 30, 2017. The tech company has reported a record-breaking income for the last 3 months quarter increased by 12% year on year to $20 billion, despite a drop in iPhone sales.

According to the International Data Corporation (IDC), despite iPhone sales dropped by 1 million devices to 77.3 million smartphones, the giant became leader of the quarter in smartphones market with 19,2% of share. Samsung has 18,4%, Huawei 10,2%, Xiaomi 7%, Oppo 6,8%. The global smartphone decreased by 6.3% in comparison to the same period of 2016.

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