Apple said in financial results released Thursday that group sales rose 17% to $111 billion in the first three months of the year, and that demand for the iPhone had been "extraordinary", making the iPhone 17 the "most popular launch in [Apple's] history."
Sales in China were up by 28% year‑on‑year and outpaced other regions, the company said, even as revenues from Macs and wearable devices remained relatively flat.
Tim Cook told analysts the lower‑priced Macbook Neo produced "off the charts" demand and helped set a record for new Mac buyers. He also said Apple Intelligence will be updated later this year and built into Siri. "This is not AI as a standalone feature, but AI as an essential and intuitive part of our devices," Cook said, adding Apple aims to be "respectful of user privacy". The company is using partnerships with OpenAI and Google rather than building a sole large AI model.
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Cook, who will move to chairman, praised John Ternus, who will take over as Apple’s next boss on 1 Sept. Ternus said he will maintain financial "discipline" and told analysts: "We have an incredible roadmap ahead…suffice it to say this is the most exciting time in my career at Apple to be building products and services."
Separate quarterly updates showed Reddit reported revenue of $663 billion, up 69%, and said 200 million people in the US visit the site weekly; CEO Ladd Huffman called daily active users "both our mission and also fuel for the business" and said deals with OpenAI and Google to licence Reddit conversations are valuable. Roblox said user base and revenue grew but its shares fell 20% after‑hours; CEO David Baszucki said growth was "tempered by greater‑than‑expected headwinds from our age‑check roll out," and the company remains unprofitable since listing in 2021.
The recap
- Apple sales rose 17% to $111 billion in the quarter
- Sales in China were up 28% compared to a year ago
- John Ternus will take over as CEO on 1 Sept
