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Apple reports record profits amid concerns over economic impact of coronavirus

China, an important market for Apple products and critical part of its supply chain, has been rocked by the outbreak

Sales of the iPhone 11 propelled Apple to all-time record revenues and profits for the final three months of 2019, a strong performance that comes amid concerns over the impact of the coronavirus on the Chinese economy.

Apple’s $91.8bn in quarterly revenue topped analyst expectations thanks to $56bn in iPhone sales. The strong performance marks a rebound for the company, which suffered a rare setback in holiday sales one year ago.

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from The Guardian https://ift.tt/36BBSdn
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