Record-breaking quarter for iPhone boosts Apple's revenue far beyond expectations
Apple's revenue in the holiday quarter was driven by strong demand for the new generation iPhone 17, growth in its services business, and a recovery in the Chinese market. In the financial reporting season ending December 27 (including the Thanksgiving and Christmas holiday sales season), revenue grew by 16% to $143.8 billion, setting a record and exceeding Wall Street's expectation of $138.4 billion. The financial results reflect the success of Apple's latest iPhone: iPhone revenue totaled $85.3 billion in the December fiscal quarter, while services revenue reached $30 billion
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