BLOOMBERG: Apple experienced a 33 percent boost in profit in the first quarter.
BLOOMBERG: Apple experienced a 33 percent boost in profit in the first quarter.
Net income in the quarter that ended in March was $13.6 billion, or $2.33 a share, and revenue rose 27 percent to $58 billion, the Cupertino, California-based company said Monday in a statement. IPhone sales in greater China outpaced those in the U.S. for the first time, helped by the Chinese New Year celebration, Apple said.
Booming demand for the larger-screened iPhone 6 and 6 Plus is putting Apple on pace for its highest annual profit since 2012 — a record — and the company also forecast sales in the current period that will exceed analysts’ estimates. That signals enduring demand for the iPhone and optimism for Apple Watch — the company’s first new gadget under Chief Executive Officer Tim Cook — which reached consumers last week.
