Apple sales rise 5%, topping estimates as iPad and Services revenues jump

Category: Business

Apple reported a 5% increase in revenue for the fiscal third quarter, with net income rising to $21.44 billion. The iPhone remains the largest revenue source, despite a slight decline. The iPad division saw significant growth, while the Services sector also performed well. However, sales in Greater China declined by 6%. CEO Tim Cook highlighted increased spending on AI and the importance of active devices for future growth.

Keywords: Apple, Tim Cook, financial results

Source: CNBC

Update At: 8/2/2024

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