Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out
Summary
Apple reported a 17% increase in product sales, reaching $111 billion in the first quarter of the year. The company saw especially strong iPhone sales in China, which grew 28% compared to last year. Tim Cook, Apple's CEO who is leaving his position, described the iPhone demand as "extraordinary."Key Facts
- Apple’s total product sales increased by 17% in the first three months of the year.
- Sales amounted to $111 billion during this period.
- iPhone sales in China grew by 28%, higher than in any other region.
- Tim Cook said the iPhone demand set a record for the quarter.
- Sales of other Apple products, like Mac computers, Apple Watch, and AirPods, stayed mostly the same.
- Tim Cook is the current Apple CEO and is stepping down from his role.
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