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iPhone 7 drives all-time record revenue for Apple

iPhone 7 drives all-time record revenue for Apple

Riding on the success of iPhone 7 and Apple Watch, the Cupertino-based company on Wednesday announced an all-time record revenue of $78.4 billion -- with a record quarterly earnings per diluted share of $3.36 -- for the first quarter of 2017 that ended on December 31.

Apple quarterly profit slides 27% to $7.8 billion

Apple said Tuesday its quarterly profit slumped 27 percent from a year ago to $7.8 billion on a sharp drop in iPhone sales.

Apple profit for year slips while iPhone sales soar

Apple on Monday reported that it raked in billions of dollars as iPhone sales soared to new highs, but that costs of making its coveted devices was squeezing profit.

Apple profit falls for first time in nearly a decade

Apple also announced that its board of directors has endorsed a plan to more than double to USD 100 billion the amount of its stock it will buy back in the coming three years.