Advertisement
Australia markets closed
  • ALL ORDS

    8,065.50
    +113.20 (+1.42%)
     
  • AUD/USD

    0.6595
    -0.0031 (-0.46%)
     
  • ASX 200

    7,793.30
    +110.90 (+1.44%)
     
  • OIL

    78.56
    +0.08 (+0.10%)
     
  • GOLD

    2,328.90
    -2.30 (-0.10%)
     
  • Bitcoin AUD

    96,605.56
    -825.85 (-0.85%)
     
  • CMC Crypto 200

    1,364.74
    -0.39 (-0.03%)
     

Apple profit slips 19% to $9 bn on lower iPhone sales

The new iPhone 7 smartphone is on display on the day of its release at Covent Garden in London

Apple said Tuesday its profit over the past quarter fell 19 percent to $9 billion, pulled down by a drop in iPhone sales.

The world's biggest company by market value said revenue in the fiscal fourth quarter fell to $46.9 billion from $51.5 billion a year earlier.