Apple forecasts strong sales growth as iPhone demand in Asia rebounds

Apple on Thursday forecast higher-than-expected revenue growth of up to 16% for the March quarter, powered by strong demand for its iPhones ⁠and a sharp rebound in China and accelerating demand in India.

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 in the company’s fiscal first quarter ended December 27, easing investor concerns about a hardware sales plateau.