CNBC Daily Open: iPhone drove Apple's robust earnings — but investors weren't too enthused

In this article

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

One of the defining features of Apple’s

iPhone 17 Pro is its 8x zoom — it helps focus on things that matter. For consumers, it’s memorable moments; for Apple, it’s the balance sheet.

On Thursday stateside, the Cupertino-based company reported a 16% year-on-year jump in its fiscal first-quarter revenue on “staggering” iPhone demand, topping market estimates. It also forecast current-quarter revenue above Wall Street expectations.