Apple delivers strong results

Apple is in the midst of a major shift to services, apps and subscriptions as it faces a tougher smartphone market. – EPA pic, May 1, 2019.

APPLE delivered stronger-than-expected results yesterday for the past quarter as gains in services helped offset slumping iPhone sales, sparking a rally in shares of the technology giant.

California-based Apple reported a 16% drop in profits in the just-ended quarter to US$11.6 billion (RM48 billion), as overall revenues dipped 5% to US$58 billion.

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