"Apple's revenue for the three months ending in March reached $111.2 billion, marking a 17% increase from the same period last year, driven by the iPhone 17 series."
"Tim Cook described the demand for the iPhone 17 lineup as 'extraordinary,' noting it has become the company's biggest success to date, outperforming all previous generations."
"The iPhone 17 family generated over $57 billion in revenue, reflecting a year-on-year increase of more than 20%, with significant contributions from the Chinese market."
"John Ternus, set to become CEO in September, emphasized continuity in Apple's strategy, pledging to uphold the company's financial discipline during the leadership transition."
Apple reported a revenue of $111.2 billion for the quarter ending in March, a 17% increase from the previous year. The iPhone 17 series significantly contributed to this growth, with iPhone revenue rising over 20% year-on-year to $57 billion. Sales in China increased by 28% to $20.5 billion, indicating a strong recovery in a key market. A leadership transition is approaching, with John Ternus set to become CEO in September, while Tim Cook will assume the role of chairman.
Read at TechRepublic
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