Apple said Wednesday profits more than doubled in the past quarter to US$23,6 billion amid a surge in iPhone sales and robust growth in other products and services purchased by pandemic-hit consumers.
The California (US-based) giant said revenue was the best ever for its fiscal second quarter, up 54 percent to US$89,6 billion.
“This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,”
said chief executive Tim Cook.
“Apple is in a period of sweeping innovation across our product line-up, and we are keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world.”
The surging profits come with Apple and other Big Tech firms facing heightened scrutiny for their dominance of key economic sectors, which has increased during the pandemic. Apple has been in the spotlight over its latest efforts to implement new privacy and data protection for apps in its online marketplace, a move which has sparked criticism from rivals claiming the iPhone maker is using the change to favour its own services. – news24.com