Apple posts a record June quarter thanks to iPhone sales

More than 14 years after they were first introduced, iPhones are still very much in demand. Apple on Tuesday announced a massive earnings beat for the three months ended June 26, thanks to a nearly 50% year-over-year jump in iPhone sales to $39.6 billion. The company posted total quarterly revenue increased 36% to $81.4 billion — a record for the June quarter and nearly $8 billion above analyst expectations.