Higher sales: Customers walk past the Apple logo inside an Apple store at Grand Central Station in New York recently. The company reported iPhone sales of US$31bil in the fiscal second quarter, better than analyst forecasts. — Reuters
SAN FRANCISCO: Apple Inc executives have a clear message for investors: Demand for iPhones has begun to recover from a bruising holiday period.
The Cupertino, California-based company reported iPhone sales of US$31bil in the fiscal second quarter, slightly better than analysts expected. Apple’s projection for revenue in the current period also topped Wall Street estimates and could result in the first sales increase in three quarters.
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