Apple shares tumble despite new revenue high

The Apple logo is displayed on the exterior of an Apple Store on January 27, 2014 in San Francisco. The California-based tech giant reported net income of US$13.1bil on revenue of US$57.6bil in the quarter that ended Dec 28, helped by selling 51 million iPhones - AFP Photo.

SAN FRANCISCO: Record iPhone and iPad sales pushed Apple quarterly revenue to a new high but shares tumbled Monday over concerns of weaker profits ahead in fierce mobile gadget markets.

The California-based tech giant reported net income of US$13.1bil on revenue of US$57.6bil in the quarter that ended Dec 28, helped by selling 51 million iPhones.