Apple posts record-breaking profit but warns of iPhone sales dip

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Tech giant Apple has posted its results for the first quarter of the year, with the firm reporting a record-breaking $18.4bn in net income.

This is the highest ever profit ever recorded by a public company for a single quarter, beating the also record-breaking $18bn in profit Apple reported for Q1 2015.

Revenue for the quarter ending December 26th stood at $75.9bn, an increase on $74.6bn for Q1 2015.

This story originally appeared on Develop's sister website, and can be read in full here