Apple Announces Record iPhone Sales Over Holiday Quarter
Tim Cook, chief executive officer of Apple Inc., at a store in Palo Alto, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. unveiled a slew of new products - - from larger-screened iPhones to refreshed Macs -- late last year to rev up growth. The move paid off last quarter with record sales and profit.
Apple shares rose as much as 6.7 percent in extended trading Tuesday after the company reported that sales of iPhones during the quarter ended Dec. 27 rose 46 percent to 74.5 million units, topping analysts’ average estimate of 64.9 million.