© 2023 Kansas City Public Radio
NPR in Kansas City
Play Live Radio
Next Up:
Available On Air Stations

iPhone Sales Add To Apple's Profits


NPR's business news starts with huge earnings for Apple.


INSKEEP: Facebook profits may have dropped off for the moment, but another big tech firm says it's doing fine. Apple announced higher-than-expected earnings for the most recent quarter - profits nearly doubled over last year. Apple's stock is back up, after falling in recent weeks over fears of a slowdown in iPhone sales. Those fears proved unfounded. IPhone and iPads sales beat company estimates - especially in China - which now accounts for one-fifth of Apple's revenues. Transcript provided by NPR, Copyright NPR.

KCUR serves the Kansas City region with breaking news and powerful storytelling.
Your donation helps make nonprofit journalism available for everyone.