Apple reveals record iPhone sales

Apple posted record iPhone sales on Tuesday night, returning the world’s largest public company to growth after last year’s uncharacteristic fall in revenues.

High demand for the new iPhone 7 model released in September meant Apple sold 78.3m iPhones in the crucial Christmas quarter that comes after the release of its latest products.

While a slower rate of growth than the technology giant has enjoyed in past years, it was a welcome rebound after three consecutive quarters of decline. Falling sales of the iPhone and iPad, and the lack of a breakthrough new product, have stymied Apple in recent months and last year it posted its first fall in annual profit in 15 years.

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