Apple Quarterly Revenue Hits Record; Stock Up
IPhone revenue grew 9% year on year to a record $71.6 billion, CEO Tim Cook told a call on fiscal Q1 ended Dec. 25. Total revenue jumped 11% to $123.9 billion. Services grew 24% to $19.5 billion on strength in…
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Apple Music, Apple TV+, advertising and payments; the App Store had a record December quarter, said Chief Financial Officer Luca Maestri. Paid subscriptions totaled 785 million, with 165 million added, he said Thursday. The stock closed 7% higher Friday at $170.33.