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Apple posts 7% revenue increase

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Apple has defied analysts’ expectations in its latest financial quarterly update by recording a seven per cent rise year-on-year. The technology giant and iPhone maker — which trades online as well as through dedicated retail stores around the UK and the world — yesterday said revenue for its third fiscal quarter was $45.4 billion (£34.4 billion), an increase on the $42.4 billion (£32.1 billion) recorded in the same period a year ago. This is above industry analysts’ predictions of around $44.95 billion (£34 billion).

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Apple posts 7% revenue increase

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