Technology giant Apple has posted a record-breaking \u00a314.1bn in net profit for the three months ending December 30 \u00a02017. \r\n\r\nThe world\u2019s most valuable company also posted a 13% increase in revenue to \u00a362.07bn for the same period. \r\n\r\nThis comes despite a decrease of 1% in the number of iPhones sold during the Christmas period down to 77.3m, well below analysts estimates. Yet the higher price of the latest iPhone X is to believed to be the cause for the increase in revenue despite lower volumes. Apple also said that the sales period was a week shorter than the previous year.\r\n\r\nTim Cook, Apple CEO, said: \u201cWe\u2019re thrilled to report the biggest quarter in Apple\u2019s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.\r\n\r\n\u201cWe\u2019ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That\u2019s an increase of 30% in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.\u201d\r\n\r\nFollowing the announcement Apple issued a sales forecast for coming months, which is slightly weaker than has been forecasted by analysts.