iPhone 7 on sale in Apple store

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The iPhone 7 went on sale last year

Sales of the iPhone 7 helped Apple reach its highest quarterly revenues, as the iPhone returned to growth in the final three months of 2016.

In its first full quarter since the iPhone 7’s release, Apple said it had sold 78.3m iPhones, up from 74.8m a year before.

Chief executive Tim Cook said Apple had sold “more iPhones than ever before”.

It had also set new records for revenues from its Mac, Apple Watch and services divisions, he added.

Apple reported that net sales were $78.3bn (£62.2bn) in the period, up 3% on a year ago.

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way,” Mr Cook said.