Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out
Apple reported a 17% increase in overall sales to $111 billion in the first quarter, driven by extraordinary iPhone demand and a 28% sales surge in China. Outgoing CEO Tim Cook highlighted the strong performance, noting it set a quarterly sales record for the iPhone. While iPhone sales rose, revenue from other products like Macs, Apple Watch, and AirPods remained largely unchanged.
- ▪Apple's overall sales grew 17% year-over-year to $111 billion in the first quarter of the year.
- ▪Sales in China increased by 28% compared to the same period last year, outpacing other regions.
- ▪Tim Cook, Apple's outgoing CEO, described recent iPhone demand as 'extraordinary' and noted a record quarterly sales performance.
- ▪Sales of Apple's non-iPhone products, including Macs and wearables, remained relatively flat.
- ▪The company's financial results were released on a Thursday, marking one of Cook's final earnings reports as CEO.
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Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out5 minutes agoShareSaveAdd as preferred on GoogleKali HaysTechnology reporterReutersApple has seen demand for its iPhone reach new heights with sales growth in China outpacing all other regions.Overall, sales of Apple products grew 17% to $111bn (£81bn) in the first three months of the year, compared to the same quarter a year ago, the company said in financial results released Thursday. Sales in China were up by 28% compared to a year ago.Tim Cook, Apple's outgoing chief executive, said that recent demand for the iPhone had been "extraordinary," setting a sales record for the quarter.Despite continued success with the iPhone, sales of Apple's other products, including the Mac computer and wearable devices like the Apple…
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