Apple posts a record June quarter thanks to iPhone sales

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Apple posts a record June quarter thanks to iPhone sales
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Apple on Tuesday announced a massive earnings beat for the three months ended June 26, thanks to a nearly 50 per cent year-over-year jump in iPhone sales to US$39.6 billion.

, Cook said during Tuesday's earnings call that the new product helped push Mac revenue to a June quarter record. CFO Luca Maestri added that the last four quarters have been the best ever for Mac sales, thanks to the success of the M1 chip.

Apple may also have been helped by a greater portion of its customers opting to buy the higher-end versions of the iPhone 12, Apple's first-ever 5G phone that was introduced last fall.

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