Source:https://www.scmp.com/tech/big-tech/article/3272883/apple-revenue-tops-estimates-even-china-sales-remain-slow
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Apple revenue tops estimates even as China sales remain slow

  • Sales rose 5 per cent to US$85.8 billion in the fiscal third quarter, which ended June 29, the iPhone maker said in a statement

Bloomberg
The Apple Store on Fifth Avenue in New York, August 1, 2024. Photo: EPA-EFE

Apple marked a return to revenue growth last quarter, lifted by the long-awaited arrival of new iPads, even as sales remained sluggish in China.

Sales rose 5 per cent to US$85.8 billion in the fiscal third quarter, which ended June 29, the iPhone maker said in a statement Thursday. Analysts had predicted US$84.5 billion on average. Three months ago, Chief Financial Officer Luca Maestri said the company would grow by a percentage in the low single digits during the period.

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