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iPhone 7 helps Apple sales rise

by
1st Feb 17 9:45 am

Things are looking up for Apple…

Apple has reported its highest ever growth in revenue, in the final three months of 2016 the iPhone 7 helped Apple see a growth in its sales once again.

Since the iPhone 7s release, in the tech companies first full quarter it saw net sales of $78.4bn (Ā£62.3bn), this was up three per cent on the same period a year ago.

Chief executive Tim Cook said Apple has sold ā€œmore iPhones than ever beforeā€.

The company also saw new record revenues for its Mac, Apple Watch and services division.

After the results Apples shares rose by three per cent in after-hours trading.

Cook said: ā€œWe’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way,ā€

Apple previously had seen three quarters in a row of falling revenue due competition on the increase from its Chinese rivals.

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