Apple profit doubles to US$23.6 bil on iPhone sales

SAN FRANCISCO: Apple said yesterday profits more than doubled in the past quarter to US$23.6 billion amid a surge in iPhone sales and robust growth in other products and services purchased by pandemic-hit consumers. The California giant said revenue was the best ever for its fiscal second quarter, up 54% to US$89.6 billion. "This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us," said chief executive Tim Cook. "Apple is in a period of sweeping innovation across our product line-up, and we're keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world." The surging profits come with Apple and other Big Tech firms facing heightened scrutiny for their dominance of key economic se...