Apple Reported a Whopping Profit of 20 Billion with iPhone X
Tech giant Apple has started the new year with a bang. The company reported a whopping profit of USD 20 billion in the past quarter. The sales of its limited edition iPhone X smartphone were better than expected. According to reports, Apple’s revenue in the final three months of the past year increased to 13%.
img source:theverge.com
Apple CEO Tim Cook said about IPhone X:
“ We are thrilled to report the biggest quarter in Apple’s history. We have generated record-breaking profits from the new iPhone lineup,”
“iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”
However, the company reported that overall iPhone sales in the quarter were about a million fewer than the same period last year. Despite Apple’s spec