Its shares came off record high levels in after-hours trading when it revealed it sold 50.7 million iPhones over the three months to 1 April - down from 51.19 million in the same period a year earlier.
It is a sign, analysts said, that customers may be holding off purchasing an iPhone until the 10th-anniversary edition launch of the company's most important product - expected this September.
The iPhone 7 and iPhone 7 Plus were selling well, the company insisted though the numbers were 1.5 million shy of estimates.
It reported revenue up 4.6% to $52.9bn in the quarter, also short of expectations, though profits rose 5% to just over $11bn.
Sky News.
Full story at Yahoo News.
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