SAN FRANCISCO: Apple reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple’s iPhone 7 models launched last year, with demand outpacing supply. The growth promised to assuage concerns by investors that iPhone sales, which account for the bulk of Apple’s revenue, were softening due to three quarters of sequential decline. The company’s performance in China improved from the previous quarter and but was hampered by a strong US dollar, according to Apple. Apple said services revenue grew 18% from a year ago to US$7.2bil (RM31.89bil), while “other” products including the Apple Watch, brought in US$4bil (RM17.71bil).

Source: The Star February 01, 2017 04:46 UTC