Apple profit falls 13% as competition increases and customers hold on to their devices for longer
Sales from its closely-watched services business, which includes its App Store, Apple Pay mobile payments and device insurance arms, were up 13% to $11.46bn, but this marked the smallest quarterly rise since 2015.
Apple said it expects revenue in the current quarter to come in at between $61bn and $64bn, above analysts' expectations. Apple shares fell 1% ahead of reporting its results after markets closed, but in after-hours trading was up more than 4.5%
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