Apple beats expectations following strong quarterly iPhone sales
Apple reported a 16.4% revenue increase to $108.65 billion in its third-quarter results, topping market forecasts thanks to strong iPhone demand.
American tech giant Apple exceeded financial expectations in its third-quarter results, driven primarily by strong sales of iPhones and MacBooks.
Total revenue reached $108.65 billion, representing a 16.4% increase compared to the same period last year and surpassing market analyst predictions of 15.5% growth. iPhone sales served as the main driver behind the performance, rising by over 21% to generate $54.25 billion in revenue.
The quarterly figures underscore sustained demand for Apple's flagship products, maintaining the company's growth momentum across its core hardware divisions.
Sources: DR, FAZ.