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iPhone Sales Boom Lifts Apple Toward Record Quarterly Revenue
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Robust Indian iPhone demand and service-segment growth pushed Apple shares higher, signaling continued revenue strength despite a volatile global economy.
Pre-market trading showed Apple up 1.8% after disclosing a 20%-plus increase in iPhone sales across India and total third-quarter revenue of $97 billion. Demand from emerging markets and growth in the services business offset broader economic headwinds. Analysts described Apple’s pricing strategy and supply-chain control as key differentiators that maintained high margins. With market capitalization near $3.8 trillion, Apple remains the world’s most valuable company, reinforcing confidence ahead of its holiday-season product refresh and expanded subscription-service rollout.