Apple Inc has reported blockbuster earnings in its third quarter as strong sales of its new iPhone 12 and growth in its services business pushed revenues to record levels. In its results for the three months to June 30, reported after the close on Tuesday, the tech giant reported net sales had jumped 36% year-on-year to US$81.4bn, smashing market expectations, while operating profits jumped to US$24.1bn from US$13.1bn a year ago.
Apple delivers best-ever third quarter as iPhone sales soar