Apple on Tuesday reported quarterly profit climbed while revenue fell short of expectations, as iPhone sales flattened ahead of a 10-year-anniversary model on the horizon.

Apple said that its profit climbed 4.9 percent to slightly more than $11 billion on revenue of $52.9 billion in the quarterly that ended at the start of April.

Shares of the California-based company were down nearly two percent to $144.79 in after-market trades that followed released of the earnings figures.