Tim Cook: The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when it will be compared to three months of blockbuster sales in the same period last year."We do think that iPhone units will decline in the quarter," Apple chief executive Tim Cook said during an earnings call with analysts, according to Nine News Australia. But Apple, which yesterday posted record quarterly profit despite the iPhone faltering for the first time since it was launched in 2007, remains optimistic about the overall smartphone market. Apple raised the spectre of the end of a technological era after reporting yesterday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come. Apple plans to continue investing in smartphones despite economic woes dragging on many countries and a strong US dollar eating into its revenue, according to Cook. Net income for the quarter ending December 26 was two percent higher than the same period a year earlier at $18.4 billion, while revenue of $75.9 billion set another record for the company, also edging up two percent. Apple CEO Tim Cook shows off the new IPhone6S and 6S Plus. "There are still a lot of people in the world who will buy smartphones and we ought to be able to win over our fair share of those," Cook said.
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