Apple reported solid profits on rising revenues on Thursday, but the tech giant's iPhone sales missed estimates while it saw slowing growth in services revenues.

Profits edged up one percent to US$20.7 billion, on an eight percent rise in revenues to US$90.1 billion.

Shares dipped 0.9 percent in after-hours trading, a much smaller decline than that of Facebook parent Meta and other tech giants that have plunged after results in recent days. (AFP)