India, Jan. 31 -- Apple Inc.'s shares gained more than 3 percent in the after-hours trading on Thursday after the tech major reported higher profit in its first quarter, above market estimates, with strong growth in net sales. This was despite weakness in iPhone and Wearables sales, as well as in China. The company also declared a cash dividend.
Further, in its first-quarter earnings call, Apple said it expects March quarter total company revenue to grow low to mid single digits year-over-year, and services revenue to grow low double digits, with gross margin to be between 46.5 percent and 47.5 percent.
Tim Cook, Apple's CEO, stated that the company reported its best quarter ever, with revenue up 4 percent from a year ago.
Cook in earnin...