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Apple profits up a third as iPhone delivers in China

on Apr 28, 2015 | 0 comments

By John McCarthy

Apple’s sale of 61.1 million iPhones in the first quarter of 2015 drove international profits up by a third year on year.

The Californian tech giant announced $13.6bn (£8.9bn) in profit after its revenue was boosted by 27 per cent to $58bn.

Chinese sales proved to be the catalyst to the growth, with sales increasing 71 per cent to $16.8bn across the country.

Historically, 2014 marked the first time Chinese iPhone sales outpaced those in the US, partly due to the latter’s mobile saturation in addition to growth in China.

Apple chief executive Tim Cook, said: “We are thrilled by the continued Read full story ›

Source: The Drum