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.
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.
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.
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