Apple profit jumps in quarter but revenue misses mark

Apple on Thursday reported that its profit in the recently ended quarter leapt on massive revenue that still fell short of analysts’ expectations.

The iPhone maker said its net income of $20.5 billion came on revenue of $83.4 billion, a record high for its quarter ending in September.

“We set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment,” said Apple chief financial officer Luca Maestri.

Apple shares slid more than 3 percent to $146.75 in after-market trades that followed release of the earnings figures.

Apple last month rolled out a new line of iPhones for the all-important year-end holiday shopping season.