Apple Sales Exceed Expectations as Buyers Wait for New iPhones
However, the company’s revenue projections for the quarter
that will end in September, the month when new models are traditionally released, spanned a wide range, suggesting that long-rumored technical problems could delay at least some phones until the holiday quarter.
In an interview, Apple’s chief financial officer, Luca Maestri, said Apple saw increases in unit sales
and revenue in every product category, including iPads, which had been struggling in recent quarters.
SAN FRANCISCO — Apple exceeded Wall Street’s expectations for revenue and profits for its quarter
that ended July 1 as anticipation builds for new iPhones to be released this fall, the 10th anniversary of the original iPhone.
Apple said revenue fell 10 percent in greater China, a key market where sales have dropped for six consecutive quarters.
Revenue from services, which include app sales as well as iCloud storage and Apple Music, grew 22 percent, ahead of Apple’s previous projections.
