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Bangkok Post
Bangkok Post
Business

Apple iPhone sales bolster Q1 results

Tim Cook Apple India Refinitiv Canalys Economy
Customers at an Apple Store in Atlanta, Georgia.

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.

Shares of the largest US company by market value rose 2% after Apple exceeded Wall Street's expectations for revenue and profit for the April 1 quarter. The company's results contrast with disappointing figures out of big chipmakers due to a slower-than-expected rebound in China's economic growth.

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