Apple profits drop again but iPhone sales rise

Apple‘s profits fell for the second successive quarter on Tuesday – down by 22% – but the company managed to beat analysts’ estimates, recording a 20% rise in the number of iPhones sold to 31.2m.

Revenues were flat at $35.3bn (£23bn) and net income down

Read the complete story: http://www.guardian.co.uk/technology/2013/jul/23/apple-profits-second-quarter-iphone-sales