Apple's iPhone Boom Drives Record Holiday Quarter as China Rebounds
TL;DR Summary
Apple posted a blowout holiday quarter driven by staggering iPhone demand and a China revenue rebound, lifting shares after-hours. Cook touted in-house silicon as a competitive edge and outlined a collaborative AI strategy with Google, even as memory costs rise and supply-chain constraints bite. For Q2, Apple guided 13-16% revenue growth with gross margin about 48-49%, while Services continued to grow and Mac/Wearables faced declines.
- Apple earnings recap: Tim Cook talks 'staggering' iPhone demand, memory shortage, and China rebound Business Insider
- Apple sales surge 16% on ‘staggering’ iPhone demand CNBC
- The iPhone 17 is easing Wall Street’s concerns about Apple’s AI troubles CNN
- Apple Rebounds in China With Biggest Sales Quarter in Four Years Bloomberg.com
- Apple sees biggest sales jump in 4 years, powered by 'staggering' iPhone demand Fox Business
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