Apple forecasts March quarter revenue ahead of Wall Street estimates amid strong iPhone demand

Apple on Thursday forecast a surge of up to 16% in revenue for the March ⁠quarter, well ahead of Wall Street’s expectations, powered by strong demand for its iPhones and a sharp rebound in China.

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

Apple’s iPhone 17 lineup helped lift sales across key markets, easing investor concerns about a hardware sales plateau. The devices have been well received for their ‌upgraded camera features and performance ‌improvements, with Apple also benefiting from a wave of upgrades from users holding onto older models.