Apple beats estimates with all time record revenue

Apple surpasses analysts' predictions with 11% higher revenues compared with last year despite supply chain issues and Omicron surge

Apple reported record sales in the holiday quarter, beating estimates as it benefited from high iPhone demand in China and withstood constraints caused by supply chain disruptions and the Omicron variant.

Apple's CEO, Tim Cook, had warned in October that chip shortages were affecting the manufacturing of most Apple products and could lead to over $6bn in lost sales. But on Thursday, the company celebrated a successful quarter in a call with investors.