Apple forecast better than expected growth after another quarter of strong sales driven by its “most popular” iPhone model ever, as the tech giant prepares for its first change of chief executive in 15 years.
The $4tn smartphone maker surpassed Wall Street expectations with $111.2bn of revenue in the three months to the end of March, up about 17 per cent from a year ago, and forecast similar growth in the current quarter.
Apple CEO Tim Cook said “extraordinary demand” for the iPhone 17 family powered the company’s strongest ever financial results for this period of the year.
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