Apple can sell iPhones and make a lot of money doing it.
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Crazy thought, as you look at your iPhone or the iPhones around you, but it’s been top of mind to investors as they judge the short-term viability of one of the world’s most valuable companies. For the last three quarters, iPhone shipments were on a decline.
This time around Apple proved that it’s still a tech giant worth owning. The company set a new record for unit sales, which also helped them bring in a record amount of revenue for the product.