Apple posted record quarterly revenues of $75.9 billion, up from $74.6 billion the previous year, for its first fiscal quarter of 2016, which ended on Boxing Day 2015.
Tim Cook, Apple CEO, reported "record sales of iPhone, Apple Watch and Apple TV", while revealing there were now more than one billion active Apple devices worldwide.
But despite once again revealing eye-watering sales figures and profits, Apple predicted Q2 2016 would likely see revenue and iPhone sales down year-on-year for the first time since the launch of the iconic smartphone.
Apple predicting March quarter revenue will be down. That hasn't happened since before the iPod.
— Benedict Evans (@BenedictEvans) January 26, 2016
More after the break
Apple pointed to signs of "economic softness" in China, now the company's strongest market, despite record sales figures in that market in the run-up to Christmas.
iPhone sales hit a record 74.8 million units worldwide, effectively selling nearly 10 iPhones a second, every second, in the three months before Christmas. Despite being up year-on-year by around 300,000 units, the growth was slower than many analysts had predicted.
iPhone's sold, First Quarter: 2016: 74.78 million 2015: 74.47 million 2014: 51.03 million 2013: 47.79 million 2012: 37.04 million
— Jon Erlichman (@JonErlichman) January 26, 2016
Apple's "other products" category, which includes Apple TV and Apple Watch, saw sales up 62% year-on-year, with Tim Cook pointing to a strong december for the Watch in a conference call following the release of Apple's financial results. Individual sales figures aren't released for the Apple TV or Watch.
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