In addition, the company said that they sold 50.76 million iPhones in the second quarter, which decreased from 51.19 million the same period a year ago. As has been reported for many months now, Apple is said to be planning an "anniversary edition" iPhone with an all glass design with an OLED display with minimal bezels.
The demand for the iPhone 7 Plus was not able to boost sales in the second quarter, though, resulting in the 1 percent decline and the fourth time that iPhone sales have decreased. Is Cook concerned by these numbers? Profit was $11.03 billion, which is up from $10.5 billion past year.
He said: "This is a very mixed report for Apple in terms of results".
Analysts on average had expected iPhone sales of 52.27 million.
Cook, who was in India a year ago, said that Apple had set a new March quarter record for India, where revenue grew by strong double digits. The announcement led to a more than 2 per cent drop in its stock during after hours trading.
Earnings per share of US$2.10 were ahead of market expectations of US$2.02 and were up 10.5% from US$1.90 a share the year before.
Apple has revealed that compared to the previous quarter the sale of its iPhone units fell by 35% to 50.8 million during the second quarter.
During the call, Cook announced that Apple Watch sales "nearly doubled year-over-year" between January and March.
Apple's services business keeps growing too, with the firm reporting an 18 per cent increase in revenues to $7.04bn. Apple earned $7 billion in revenue from services, almost $1 billion more than in the second quarter of a year ago. "The performance we're seeing in China should get better going forward this year", he said.
Of possible more concern to Apple's management was the slightly below par figure for Services Revenue from those locked in to Apple's heavily barricaded ecosystem.
Its share price has risen more than 25% this year as investors speculate that US President Donald Trump will help firms repatriate massive cash piles from overseas, at a reduced tax rate, to aid the country's economy.