Apple reported a return to growth Thursday during the December quarter after a year of declining revenue.
The U.S. tech giant’s October-December revenue grew in all regions except Greater China, where the iPhone maker faces flagging sales amid growing competition.
Apple’s revenue rose 2.1% on the year to $119.6 billion for the three months ended Dec. 30. Sales of the company’s cash cow, the iPhone, jumped 6% to $69.7 billion.
According to Counterpoint Research, iPhone sales in China dropped 9% on the year for the October-December quarter, while Huawei’s sales rose 71.1%, driven by its 5G chipset…Read More