According to a report, Apple has reported the slowest growth in iPhone sales for the first time since the product was launched in year 2007.
In the first quarter of fiscal year, the company sold 74.8 million compared with 74.5 million a year ago.
The company further added that the revenue for the next quarter would be around $50 billion and $53 billion, notably last year at the same period their revenue were $58billion.
Despite of the slow growth the tech giant posted record quarterly profit.
The head of the Apple, Tim Cook said “ Our team delivered Apple’s biggest quarter ever, and for this , I would like to thank to the world’s most innovative products and all- time record sales of iPhone , Apple watch and of course Apple T.V.”
On the other hand, the financial officer, Luca Maestri said that units of iPhone will decline in next quarter.
