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The smartphone brand has seen global growth during last quarter

Smartphone sales rise sharply following flagship launches

The operator reported 32.3 million customers, over two thirds are contract customers

Apple bought back $20 billion worth of shares which also drove up the price

Operating profit down to £62 million, down 16 per cent year-on-year

Profit before tax rose 25 per cent to £660m while adjusted EBITDA fell two per cent to £1.83bn

143,000 customers were added in the quarter, 93,000 on contract and 50,000 prepaid

Total Apple revenue came in at $45.4 billion, down 14 per cent on the quarter but up seven per cent on the year

It accounted 14 per cent of all smartphone shipments in the region compared to Apple’s 15 per cent, with Canalys claiming it is now ready to wrestle away second position from its rival
Analysts have speculated staff bonuses and unexpectedly high smartphone marketing expenses are behind the drop in profits for Q4