Apple Shares Poised for Historic Quarter on Unprecedented iPhone Demand

Apple is heading toward what could be its most successful financial quarter in history, propelled by consumer enthusiasm for its latest smartphone that has outstripped even the most optimistic production forecasts. Chief Executive Tim Cook characterized the market reception for the new iPhone 17 as “extraordinary,” noting that manufacturing is struggling to keep pace with order volumes.

This surge follows an already robust fourth-quarter performance where the technology behemoth posted revenue exceeding $102 billion. The current trajectory suggests the company may soon eclipse that impressive result.

Beyond the hardware frenzy, Apple’s high-margin services business continues to demonstrate remarkable strength. The division achieved a record $28.75 billion in the fourth quarter, representing Read more...