That followed holiday-quarter results that beat estimates as well, with Chief Executive Officer, Tim Cook telling Reuters that demand ‌for the latest handsets was “staggering.”

Apple’s iPhone 17 lineup helped lift sales across key markets in the company’s fiscal first quarter ended December 27, easing investor concerns about a hardware sales plateau. Apple shares rose 3.5% in extended trading after the results were released, but later pared gains to trade up 0.8%. Apple expects revenue for its fiscal second quarter to grow 13% to 16%, versus a 10% rise that analysts expected, according to LSEG. The company also forecast operating expenses of $18.4 billion to $18.7 billion, slightly above spending in the first quarter.

–Reuters–