Apple (AAPL) iPhone 17 Leads Market with $60B Sales, 22% Growth

AI Summary

In the first quarter, Apple (AAPL) reported iPhone sales of $60 billion, marking a 22% increase year over year. Overall quarterly revenue reached $111.2 billion, a growth of 17%, with diluted earnings per share at $2.01, up by 22%. The iPhone 17 emerged as the top-selling product, outperforming key competitors. This success indicates strong market demand for Apple's latest product, despite the absence of AI features compared to rivals investing heavily in this area.