None
CY
Apple Posts Record Profits as iPhone Demand and China Rebound Drives Growth
[]
channelnews
Apple has posted record quarterly profits, driven by surging iPhone demand and a strong rebound in China, signalling the tech giant has weathered recent trade tensions and tariff challenges.
iPhone sales led the growth, generating US$85.3 billion, up 23% year-on-year.
The launch of the iPhone 17 line-up, particularly the premium Pro models, triggered one of Apple’s largest upgrade cycles in years.
Sales in Greater China jumped 38% to US$25.5 billion, easing concerns about waning demand in the region and highlighting Apple’s enduring brand loyalty despite geopolitical pressures.
Analysts say the recent US tariff relief and strategic price positioning helped offset rising component costs.