Apple reported its highest ever quarterly revenue, as the iPhone 7 helped it return to a growth in sales in the final three months of 2016.<\/p>\n
In its first full quarter since the iPhone 7’s release, Apple reported net sales of $78.4bn (\u00a362.3bn), up 3% on the same period a year ago.<\/p>\n
Chief executive Tim Cook said Apple had sold “more iPhones than ever before”.<\/p>\n
It had also set new records for revenues from its Mac, Apple Watch and services divisions, he said.<\/p>\n
Apple shares rose 3% in after-hours trading following the results.<\/p>\n
iPhone recovery<\/strong><\/p>\n “We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way,” Mr Cook said.<\/p>\n Apple had suffered three quarters in a row of falling revenue as mounting competition, particularly from Chinese rivals, hit sales of its flagship iPhone.<\/p>\n In April, the firm reported its first fall in quarterly revenue since 2003, hurt by slowing business in China.<\/p>\n A continued slowdown in iPhone sales – which account for two thirds of income – led to Apple reporting a drop in annual revenue in October, the first such fall in 15 years.<\/p>\n –<\/p>\n Source: BBC<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Apple reported its highest ever quarterly revenue, as the iPhone 7 helped it return to a growth in sales in the final three months of 2016. In its first full quarter since the iPhone 7’s release, Apple reported net sales of $78.4bn (\u00a362.3bn), up 3% on the same period a year ago. Chief executive Tim […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[],"yoast_head":"\n