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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Apple Reports Solid Profits, but Sees Greater Hit from Strong Dollar

In this Saturday, March 14, 2020 file photo, an Apple logo adorns the façade of the downtown Brooklyn Apple store in New York. (AP)

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar.

Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon, both of which have been punished by investors, AFP said.

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