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Apple sees higher revenues this year, sells 1.2 billion iPhones

CALIFORNIA: Apple has claimed it reached the milestone of selling 1.2 billion iPhones which provided stronger-than-expected results, with higher revenues and profits, delivering a boost to its share price.

“We’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for services revenue,” Apple chief executive Tim Cook said in a press release.

The California-based company also highlighted that 61 per cent of the revenue in the quarter came from outside the United States.

But Apple still faces pressure with an increasingly competitive smartphone market dominated by Samsung and others using the Google Android operating system.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.