Apple Sees First Quarterly Revenue Increase in a Year


Apple witnessed its first quarterly revenue increase in a year, with sales and profit exceeding Wall Street expectations. Despite facing various challenges, such as patent disputes and increased competition, the tech giant showcased resilience by reporting a 2% rise in sales to $119.58 billion and a 13% increase in profit to $33.92 billion. The results highlighted Apple's ability to drive revenue from software and services, including Apple Music. Nevertheless, the company's shares dropped approximately 3% in after-hours trading, and it indicated that sales for the current quarter would likely decrease. Apple also noted an increase in the number of its devices in use worldwide, signaling potential growth opportunities.



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