Apple has reported all time record quarterly profit and it said it has earned $18.4 billion in the last three months of 2015.
At the same time, the company has warned the Upcoming Revenue Decline. It has also forecasted lower revenue in the next quarter compared to 2015. The first time company has forecasted so since 2003 and it forecasted its first sales dip in over 10 years. The company said it expects revenue for the current quarter to be no more than $53 billion, down from $58 billion a year earlier.
Apple sold fewer iPhones than it expected in its fiscal first quarter, but set a record for quarterly net income.