Apple Chief Executive Officer Tim Cook criticised polarization and misinformation on social media, intensifying a conflict between the iPhone maker and Facebook.
Apple 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% rise in China sales.
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(Reuters) - Apple Inc on Wednesday 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% rise in China sales.
Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look tapped pent up demand for upgrades, especially in China. 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 s revenue for the quarter ended Dec. 26 rose 21% to $111.44 billion. Earnings per share rose to $1.68 from $1.25, beating Wall Street targets, according to IBES data from Refinitiv. Sales of iPhones were $65.60 billion and beat a record set three years ago. (Graphic: tmsnrt.rs/3prAlRd)
Apple reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhone models helped push handset revenue to a new record and sparked a 57 percent rise in China sales.