In 1Q23, iPhone sales increased by 1.5% to $51.3bn, the British newspaper The Times reports.
It is important that this growth occurred in the context of a general decrease in global demand for smartphones. Apple CEO Tim Cook said the sales growth occurred in a "difficult macroeconomic environment."
Apple's chief financial officer, Luca Maestri, said that iPhone shipments have resumed after disruptions in the supply system.
As noted by the publication, the situation related to iPhone sales is good news for investors worried that Foxconn's largest smartphone assembly plant in Zhengzhou will close in November due to the outbreak of the coronavirus.
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