Apple profit soars in latest quarter on higher iPhone sales

Apple profit soars in latest quarter on higher iPhone sales

3 years ago
Anonymous $f-b3Pf4iLZ

https://apnews.com/dceac821c2f6a6bf97d502c6641b1c50

Demand for the iPhone drove Apple's profits to more than double in the January-March period as the tech giant continued to capitalize on smartphone addiction.

Profits came to $23.6 billion, or $1.40 per share, while revenue climbed 54% to $89.6 billion in the fiscal second quarter, the company said Wednesday. Analysts polled by FactSet expected 99 cents per share on $77.1 billion in sales.