Apple shares up 6% in after-hours trade as Cook says revenues will get back to growth

CEO Tim Cook said iPhone sales still experienced 'growth in some markets, including China'.
Apple shares rose 6% in after-hours trade tonight after the iPhone giant delivered a smaller-than-expected decline in quarterly revenue, and chief executive Tim Cook said the company expects a return to sales growth in the current quarter as it invests in artificial intelligence features to be unveiled in the coming months.
Mr Cook said revenue in its second quarter fell to $90.8bn (€84.6bn) but eyed revenues "to grow low-single digits" in the current quarter. Sales of iPhone fell 10.5% to $45.9bn as the company faces tougher competition from among others a rejuvenated Huawei in China.