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Apple beats sales estimates with big bumps in iPhones, services

Sales rose 19% in the Americas and were up by single-digits in Europe and China.

April 29, 2022 / 06:23 AM IST

Apple Inc on Thursday reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages and consumers snapped up new iPhones.

Sales rose 19% in the Americas and were up by single-digits in Europe and China.

The Silicon Valley-based iPhone maker, which is the world's largest company by market capitalization, is aiming to maintain high demand for the iPhone and other hardware while growing sales from services, including music and video subscriptions.

The latest results show it is making ground on both goals.