Ten Things You Need to Know Today: Wednesday 27 Jan 2016

1. Apple warns: iPhone sales to fall for first time

Apple has warned that sales of its flagship iPhone will fall this year, for the first time since the product's launch in 2007. The firm reported the slowest growth in sales yet for the first quarter of its fiscal year. It sold 74.8 million phones, compared to 74.5 million in the same period last year. The tech giant made record profits of $18.4bn this quarter.

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