Apple's iPhone sales beat expectations

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Apple's iPhone sales beat expectations
Photo: Markus Schreiber /AP/TT

Apple reports a pre-tax profit of $42.10 billion in its quarterly report. Revenue from iPhone sales rose 23 percent from a year earlier.

It is primarily the sales of the iPhone 17 that drive phone sales revenue to $85.27 billion. According to Apple, the market in Asia is particularly strong, CNBC reports.

Apple thus beat expectations of $78.65 billion in revenue in that segment.

Earnings per share for the quarter were $2.84, compared with the $2.67 analysts expected on average, according to research firm LSEG.

Total revenue rose 16 percent year on year to $143.76 billion, also above the expected $138.48 billion.

Apple's stock rose just under 1 percent in after-hours trading on the New York Stock Exchange.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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