Apple's strong smartphone sales in China, driven by government subsidies, lead to significant revenue growth.
From Investing.com: 2025-06-19 07:27:00
Apple reported a surge in smartphone sales, fueled by a demand in China where consumers are taking advantage of government subsidies. The tech giant saw a 78% increase in iPhone sales in the region, contributing to a 65% overall increase in revenue for the quarter. China accounted for 33% of Apple’s total revenue.
Read more at Investing.com: Apple sees strong smartphone sales amid China subsidies