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  • Apple said Wednesday that profits surged in the final three months of the year on growing sales of iPhones and services, which lifted revenues to an all-time record. Profit in the period ended December 26 rose 29 percent from a year ago to $28.7 billion, while revenues grew 21 percent to $111.4 billion, with international sales accounting for nearly two-thirds of sales. Sales topped the $100 billion mark for the first time as Apple won over pandemic-hit consumers with new gadgets and services. "We're gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season," chief executive Tim Cook said. Apple said iPhone sales accounted for nearly $66 billion, leading all other products and growing some 18 percent. But the tech giant also saw strong growth in wearables, including its Apple Watch, delivering $12.9 billion in sales for that category in the company's fiscal first quarter. Services accounted for $15.7 billion as Apple grew sales of music, digital content, cloud computing and subscriptions. bur-rl/sst
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  • Apple profit soars, revenue tops $100 bn for first time
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