"Apple had a great Q1, though iPhone sales were the real standout. The company reports that its signature device had its best quarter ever, thanks partially to a surge of sales in regions like China and India. "iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment," said CEO Tim Cook during the company's earnings call Thursday. Apple's earnings report shows the company sold $85 billion worth of iPhones during its first quarter."
"During the call's Q&A portion, Cook revealed that China had seen a huge surge in sales. "It was driven by iPhone, where we set an all-time revenue record," Cook said, noting that it was the "best iPhone quarter in history in Greater China." Cook said the sales bump had been driven by enthusiasm for the iPhone 17, which was announced in September. The new model has proven to be significantly more popular than the company's previous iPhone."
"Cook also highlighted India as another region where iPhones-as well as other products-seemed to be flying off the shelves. "We did set a quarterly revenue record during the December quarter," Cook said, noting that records had been set for "iPhone and Mac and iPad [sales] and an all-time revenue record on services." Cook called it "a terrific quarter" in a country that he noted is "the second largest smartphone market in the world and the fourth largest PC market.""
Apple reported strong first-quarter performance led by record iPhone demand, generating $85 billion in iPhone revenue compared with $69 billion a year earlier. The iPhone 17 fueled much of the increase, producing unprecedented demand across all geographic segments. Greater China sales rose from $18.5 billion to $25.5 billion, and retail traffic in China grew by strong double digits year over year. India set quarterly revenue records across iPhone, Mac, iPad, and services, reflecting rapid market growth. Overall sales increased across every geographic region, with both device and services revenues contributing to the quarter's gains.
Read at TechCrunch
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