Apple sees revenue growth accelerating after setting record for iPhone sales, China strength | Malay Mail

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NEW YORK, Jan 28 — Apple Inc yesterday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57 per cent rise in China sales. Apple shipped its iPhone 12 lineup several weeks later than usual, but...

Thursday, 28 Jan 2021 06:59 AM MYT

The company also posted strong sales of its Mac laptops and iPads in the quarter, driven by consumers working, learning and playing from home during the pandemic. Apple did not give a formal forecast, but Chief Financial Officer Luca Maestri told investors on a conference call that revenue growth was likely to accelerate on a year-over-year basis in the current fiscal second quarter and that gross margins were likely to be similar to the fiscal first quarter’s rate of 39.7 per cent.

Apple Chief Executive Officer Tim Cook told Reuters in an interview that the company now has an active installed base of 1.65 billion devices, compared with 1.5 billion devices a year ago. Cook also said Apple now has an installed base of more than 1 billion iPhones, an increase over the 900 million the company most recently disclosed in 2019.

 

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Still Apple required China strength if not it isn't Apple anyone!

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