Apple reports record profits amid concerns over economic impact of coronavirus
by Julia Carrie Wong from Technology | The Guardian on (#4YJP1)
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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