Apple sales surge 16% on ‘staggering’ iPhone demand
- Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis.
- The company reported $42.10 billion in net income, or $2.84 per diluted share, versus $36.33 billion, or $2.40 per diluted share, in the year-ago period.
- Apple saw particularly strong results in China, including Taiwan and Hong Kong. Sales in the region surged 38% during the quarter to $25.53 billion.