Apple beats estimates on revenues of $89.5bn in quarter

The iPhone accounted for $43.81bn in sales in the fourth quarter

Apple has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China, a key market for the company.

Apple has reported quarterly sales and profit that beat analysts' expectations, with iPhone sales edging higher, helping offset large drops in Mac and iPad sales.

The iPhone giant has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China, a key market for Apple.