Apple predicts holiday boom in iPhone sales
Tech giant reports record annual profits as smartphone sales and services income pick up
Tech giant reports record annual profits as smartphone sales and services income pick up

Strong holiday season and boost from China drive 23% increase in smartphone revenue

Smartphone maker increased revenue nearly 17% as iPhone sales rise by a fifth

Share price muted despite surge in iPhone sales driving record revenue

Tech giant’s high-margin unit has doubled in size over the past five years

Extended wait times and generous trade-in deals signal surging demand for newly redesigned device

iPhone maker’s share price is up 28% over the past six months