Apple delivers record results, sees growth in iPhones, services

Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, the US tech giant said Monday, warning that iPhone supplies worldwide would also be impacted.

Apple on Tuesday posted record results for the final three months of last year, powered by sales of iPhones, digital services, and wearables such as AirPods.

Net profit hit an all-time high of $22 billion on record quarterly revenue of $91.8 billion, the California tech giant said.

"We are thrilled to report Apple's highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for services and wearables," said Apple chief executive Tim Cook.

Apple shares jumped two percent in after-market trades that followed release of the stronger-than-anticipated earnings report.