Apple Forecasts Strong Sales Growth as iPhone Demand in Asia Rebounds
Apple said Thursday it expects revenue growth of up to 16 percent in the March quarter, exceeding forecasts on strong iPhone demand, a rebound in China, and faster momentum in India. The outlook follows a holiday-quarter earnings beat, with CEO Tim Cook describing demand for the latest iPhones as “staggering,” easing worries of a prolonged hardware slowdown.
Apple said Thursday it expects revenue growth of up to 16 percent in the March quarter, exceeding forecasts on strong iPhone demand, a rebound in China, and faster momentum in India. The outlook follows a holiday-quarter earnings beat, with CEO Tim Cook describing demand for the latest iPhones as “staggering,” easing worries of a prolonged hardware slowdown.
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