Apple sold more than 51.2 million iPhones in the first three months of 2016 — while racking up $10.5 billion in quarterly profit. That was more than many analysts expected, but still fewer than the 61 million iPhones sold a year earlier.
The company is battling perceptions that its latest iPhones aren't dramatically different from previous models, as overall smartphone sales are slowing around the world.
While iPhones contributed nearly two-thirds of its $50.6 billion revenue, Apple pulled in $6 billion from online services, apps and other software.
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