Apple announced its financial results for the quarter ending March 28, reporting a strong performance with revenues of $111.2 billion, a 17% increase compared to the same period last year.

Tim Cook, the company's CEO, confirmed that Apple achieved its best performance in March in its history, noting that iPhone sales reached a record high during this period, along with the services sector reaching its highest level ever.

For his part, Chief Financial Officer Kevin Parikh explained that operating cash flows exceeded $28 billion, noting that the iPhone 17 series is the most popular in the company’s history to date, with the potential for increased market share during this quarter.The series includes the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, iPhone 17e, and iPhone Air, which have contributed significantly to this performance.

In terms of revenue breakdown, product revenue reached approximately $80.2 billion, while the services sector generated $31 billion. iPhones alone accounted for $57 billion of total revenue, with significant sales growth across several markets, including the United States, Western Europe, India, Japan, China, and Southeast Asia.