Apple Reports Record iPhone Quarter, Tim Cook Cites China Surge
Apple posted $85.3 billion in iPhone revenue in the quarter ended Dec. 31, its highest quarterly iPhone sales on record.
TechCrunchThe iPhone just had its best quarter ever
CNNThe iPhone 17 is easing Wall Street’s concerns about Apple’s AI troubles | Business
The GuardianApple reports massive spike in iPhone revenue, particularly in China
Associated PressApple's iPhone sales surge to new quarterly high despite early missteps in artificial intelligence
Overview
Apple Inc. reported fiscal first-quarter revenue of $143.8 billion and net income of $42.1 billion, with iPhone revenue reaching $85.3 billion for the quarter ended Dec. 31, the company said.
Apple CEO Tim Cook said during the company's earnings call that the iPhone "had its best-ever quarter" and that Greater China iPhone revenue rose to $25.5 billion from $18.5 billion year over year, company figures show.
Apple's shares rose about 1% in after-hours trading following the results, according to market data.
Apple said its installed device base reached 2.5 billion active devices worldwide, company figures show.
Apple forecast at least 13% revenue growth for the quarter ending March 31, the company said, while CEO Tim Cook warned that a global memory-chip shortage could constrain supply and raise component costs.
Analysis
Center-leaning sources frame this as a business-success narrative by leading with record iPhone sales and revenue figures, using upbeat descriptors like 'set a record' and 'vibrant', and emphasizing product upgrade demand. Editorial emphasis on metrics and brief treatment of Wearables/Mac downplays weaknesses; source content includes a Tim Cook quote on 'customer satisfaction.'
FAQ
Apple reported $143.8 billion in revenue and $42.1 billion in net income, with iPhone revenue at a record $85.3 billion.
Greater China iPhone revenue rose to $25.5 billion from $18.5 billion year over year, marking the best quarter ever in the region.
Apple's installed base reached 2.5 billion active devices worldwide.
Apple regained the top spot in China's smartphone market with a 22% share, driven by 28% year-over-year shipment growth for the iPhone 17 lineup.
Apple forecasted at least 13% revenue growth for the next quarter but warned of a global memory-chip shortage that could constrain supply and raise costs.
