Apple profit hits record on 'staggering' iPhone sales
The California tech titan also announced Tuesday that it had sold its one billionth device powered by its iOS mobile operating system, on a day of dizzying figures -- even by Apple's high standards. "We'd like to thank our customers for an incredible quarter which saw demand for Apple products soar to an all-time high," declared chief executive Tim Cook. "Demand for iPhone has been staggering, shattering our expectation." Blockbuster sales of the recently released iPhone 6, in particular, are signs of huge pent-up demand for larger-screen smartphones, likely to boost sales throughout this year, according to Forrester analyst Frank Gillett. "I would expect the surge in China and elsewhere to hold for quite a while before it settles down," Gillett said.
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