Apple's profit jumps to $34.6 billion in holiday quarter despite supply issues
Financial Express Mumbai|January 29, 2022
iPhone drove sales for Apple, which briefly crossed $3 trn in market value earlier in January before sliding back to $2.6 trn by Thursday

APPLE WEATHERED THE supply chain snarls at the end of 2021 that tripped up the global electronics market and other industries, announcing on Thursdayan11 percent increase in revenue and a 20 percent jump in profit in its most recent quarter while offering optimism that the worst of the problems were behind it.

Apple, the world's most valuable public company, beat Wall Street analysts' expectations with its record results, easing fears that the tech industry's long period of fast growth may be coming to an end. It made $34.6 billion in profit off revenue of $123.9 billion in the three months ending in December, though its revenue growth continued to slow.

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