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Apple's Holiday Sales Snap Yearlong Decline, Strong Demand for iPhone

File - Apple Watches are displayed at an announcement of new products in Cupertino, Calif., Sept. 12, 2023. On Thursday, Feb. 1, 2024, Apple will release its results for the holiday season against a b

Apple Bounces Back with Holiday Quarter Results

Apple has finally broken its yearlong streak of declining sales with a solid performance in its October-December quarter. The tech giant's revenue for the quarter increased by 2% from the previous year, reaching $119.58 billion. This growth was driven by strong demand for the latest model of the iPhone and continued success in its services division. However, concerns linger among investors about Apple's ability to regain the momentum that once made it the most valuable publicly traded company in the U.S.

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