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| Apple reports slowest ever iPhone sales in first quarter | |
| (35 minutes later) | |
| Apple has reported the slowest growth in iPhone sales since the product's 2007 launch. | |
| The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago. | |
| Apple said revenue for the next quarter would be between $50bn and $53bn, below the $58bn it reported for the same period a year ago. | |
| This would mark the company's first fall in revenues since it launched the iPhone. | |
| Despite first-quarter iPhone sales being below the 75 million expected by analysts, it was still a record quarter for the company. | |
| Apple revenue in the three months to 26 December was $75.9bn and net profit was $18.4bn, both of which are the highest ever recorded by the company. | |
| Apple boss Tim Cook credited "all-time record sales of iPhone, Apple Watch and Apple TV" for the performance. | |
| But the firm's chief financial officer, Luca Maestri, said the company was operating in "a very difficult macroeconomic environment". | |
| Apple's sales in Greater China - defined by the company as China, Hong Kong and Taiwan - rose 14%, but that was much slower than the 70% increase a year ago. | |
| Mr Maestri said the softness in China was "something that we have not seen before", Reuters reported. | |
| Apple shares were barely changed in after hours trading at $99.42. |