SAN FRANCISCO, Jan 29 — Apple yesterday posted record results for the final three months of last year, delivering gains in sales of iPhones even as the company transitions to digital services and wearables. Net profit hit an all-time high of US$22 billion on record quarterly revenue of US$91.8...
Apple on Tuesday posted record results for the final three months of last year, powered by sales of iPhones, digital services, and wearables such as AirPods. — Reuters pic
“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for services and wearables,” said Apple chief executive Tim Cook. Apple shares have doubled from a year ago — lifting its valuation to more than US$1.3 trillion — as the company has expanded its services with a streaming television offering, digital payments and wearable tech such as its AirPods and updated Apple Watch.
Apple has stopped reporting unit sales for the iPhone, which has been the main cash-generator for the company in recent years, but sales revenue for its smartphone sales was up nearly eight per cent in the quarter at US$55.9 billion.
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