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Apple reported quarterly iPhone sales that trailed analysts’ estimates, even after debuting new models for the holiday shopping season.
Profit was $13.1 billion, or $14.50 a share, for the quarter ended Dec. 28, little changed from $13.1 billion, or $13.81 a share, a year earlier, Apple said Monday.
Sales rose 5.7 percent to $57.6 billion.
Analysts had predicted profit of $14.07 a share on sales of $57.5 billion, according to the average of estimates compiled by Bloomberg.
The holiday results indicate that demand may be ebbing for new iPhone models — Apple’s primary source of revenue — as competitors crowd in with new smartphone and tablet offerings.