Apple delivers record profit, seeks to allay iPhone X fears.

 By Apple_logo_Think_Different.png:derivative work: Stoopkitty (talk) 19:55, 31 January 2011 (UTC) - Apple_logo_Think_Different.png, Public Domain, https://commons.wikimedia.org/w/index.php?curid=12869482

On Friday, Apple recorded profits of US $ 20 billion in record-setting quarter and said that its latest iPhone X smartphone sales were better than expected
According to California-based technology company, the revenue rose 13 percent to 88.3 billion dollars in the last three months of last year.
Apple Chief Executive Tim Cook said, "We are thrilled to report the biggest quarter in the history of Apple, which has grown on a broad base, which includes the highest revenue from the new iPhone lineup."
"IPhone X surpassed our expectations and our top-selling iPhone remained in touch every nights in November."
However, Apple reported that total iPhone sales in the quarter 77.3 million was less than one lakh less compared to the same period a year ago. But the revenue of the iPhone was up 13 percent compared to a year ago, which was tracing its new model.
On the weak demand of the new and most expensive iPhone of iPhone X comes in earnings among concerns, which is the 10th anniversary edition of the reputed smartphone.
Apple has also speculated that compared to the expectations of analysts, revenue in the current quarter would be between $ 60 billion and US $ 62 billion, which is less pink than Outlook.
Apple's shares fell, and then went up two percent to the level of $ 171.08.
Despite Apple's spectacular launch in the decade since the launch of the iPhone, California's Technology Titan is facing challenges whether it can continue development.
Apple's image has been hurt by revelations in the meantime that the company has updated its mobile software so that the performance of the old iPhone can be slowed because the battery can reduce the age.
The latest earnings report showed benefits for apple in all areas, including "Greater China", where it had to face challenges.
However, in the quarter, the iPhone gave a major portion of the revenue of US $ 61.6 billion; revenue growth increased from 18 percent to $ 8.5 billion and "other product", which included Apple Watch and Apple TV, in which 36 Percent increase to US $ 5.5 billion
Apple said the increase in its cash pile has increased to $ 285 billion, which was mostly hidden overseas.
The company had said last month that it will return much of its profits from overseas to take advantage of favorable tax rate in the approved legislation last year.
As a result of the reversion, the tax bill of some US dollars will be of some USD, but will free up a large portion of the money for the investment.
For the third quarter third quarter third quarter of December 30 - Apple kept 6.97 billion dollars aside for taxes.