Apple has posted a decline in sales in the second quarter, but demand for iPhones has held up overseas.

Apple Store in Covent Garden 13

Apple recorded a 3% decline in revenue in the three months to April 1

The tech giant recorded a 3% decline in revenue in the three months to April 1 to $94.8bn (£75.4bn), but this was better than its predicted $92.9bn (£73.6bn).

This is the second consecutive quarter where sales have declined, but Apple also reported a March quarter record for iPhone sales.

Sales for iPhones edged up 1.5% year on year, hitting $51.3bn (£40.6bn). The company said this was helped by demand across South Asia and Latin America.

Overall sales grew by double digits in India, where the group recently opened its first two official stores.

Apple’s services unit, which includes Apple Music, Apple News and Apple Pay, saw a record sales increase of 5% year on year that topped more than $20bn (15.8bn).

Sales grew more than 2% in Europe, but Apple’s biggest market in the Americas saw sales fall more than 7%.

Apple chief executive Tim Cook said: “We are pleased to report an all-time record in services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high. 

“We continue to invest for the long term and lead with our values, including making major progress toward building carbon-neutral products and supply chains by 2030.”

Apple chief financial officer Luca Maestri added: “Our year-over-year business performance improved compared to the December quarter and we generated strong operating cash flow of $28.6bn while returning over $23bn to shareholders during the quarter.”