Apple profit soars on iPhone, China sales

Apple said Monday its first-quarter profit jumped 33 percent from a year ago, lifted by sales of 61 million iPhones in the first three months of the yearApple on Monday reported a sharp rise in its quarterly profit, lifted by robust sales of its iPhones and a jump in revenue from China. Revenue increased 27 percent from the same period a year ago to $ 58.01 billion, Apple said. A major contributor was the expansion of iPhone sales in China. Revenue for "greater China" leapt 71 percent to $ 16.8 billion in the quarter, allowing the region to overtake Europe as Apple's second-largest market.

Apple News Headlines -- Yahoo! News

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