Apple, Microsoft and Alphabet said on Tuesday that their latest revenues and earnings had surged above the stock market’s already optimistic expectations, confirming that demand for their digital services and gadgets continued to soar as some countries began to emerge from the pandemic.
AppleApple’s profits almost doubled in its latest quarter to $21.7bn, as iPhone sales surged and anticipated component shortages failed to bite.
Apple’s overall revenues grew by 36 per cent compared to the same period last year, including a 50 per cent rise in iPhone sales, driving net income 93 per cent higher for the three months to June 26.
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