Please enable JavaScript to experience the full functionality of GMX.

Apple credits iPhone 11 demand for record sales

Apple credits demand for the iPhone 11 for its record sales and profits.

The tech giant saw an 8% year-year-year rise to £70.5 billion in the last three months of 2019, while net profits also rose by 11% to £17 billion.

The gains were pushed by demand for both iPhones and accessories like watches and Airpods, according to the BBC.

Apple said £60.7 billion came from products, while the rest came from services including the likes of Apple Pay, Apple TV+, Apple Arcade and the App store.

Meanwhile, boss Tim Cook admitted the company is "closely monitoring the coronavirus outbreak, and admitted forecasting for the next quarter has become difficult.

The brand currently has limited travel and reduced store opening hours in China, while suppliers' factories are closed for longer than expected.

Cook added: "The situation is emerging and we're still gathering data."

Sponsored Content