Apple quarterly profit nearly doubles to $21.7 bn

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By Olachi in Technology
Updated 3 years ago

Apple said Tuesday its profit in the just-ended quarter nearly doubled to $21.7 billion on growth in iPhone sales and digital services. Revenue surged 36 percent from a year ago to $81.4 billion, the best ever for the tech titan's fiscal third quarter. "This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,� said chief executive Tim Cook. Cook said an easing of pandemic lockdowns helped boost consumer spending in many parts of the world, with Apple benefitting from that.

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