The apparently pent-up demand for four different iPhone 12 models highlighted Apple's latest quarterly report Wednesday. Apple's iPhone sales during the October-December period totaled US$65.6 billion ($91.8b), a 17 per cent increase from the same time in the previous year. If that is true, Apple could be on its way to its biggest year of iPhone sales since its 2014 release of the iPhone 6, which tantalised consumers with larger screens. Apple CEO Tim Cook described the consumer response to the iPhone 12 as "enthusiastic" during a conference call. It marked the first time Apple has surpassed US$100b in quarterly revenue, a feat previously achieved by Walmart and General Motors.

Source: New Zealand Herald January 28, 2021 00:49 UTC