Apple sold less iPhones in the latest quarter but earned a lot more than a year ago, given the price of its iPhone X began at US$1000, according to the company's results for the first fiscal quarter of 2018. The user base of active devices rose to 1.3 billion in January.

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Apple will pay taxes of about US$38 billion in order to repatriate the US$246 billion in cash it holds overseas, the company said in a statement on Wednesday.

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Apple has had another good quarter, with the company reporting the second-best revenue in the company's history for the third quarter of a financial year.

Published in Market

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