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Apple Earnings Surge on China Demand, iPhone 17 Drives Record Upgrades

Apple Earnings Surge on China Demand, iPhone 17 Drives Record Upgrades

Author:

Global Cryptocurrency

Published:

2026-01-30 10:01:02

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BTCCSquare news:

Apple shattered analyst expectations with fiscal Q1 revenue of $143.8 billion, marking 16% annual growth. The tech giant's performance was anchored by what CEO Tim Cook described as "staggering" iPhone demand, particularly for the iPhone 17 lineup.

China emerged as the standout market with 38% sales growth to $25.53 billion, while wearables underperformed at $11.49 billion due to AirPods Pro 3 supply constraints. The company projects 13-16% revenue growth for the current quarter despite ongoing chip shortages.

Cryptocurrency markets showed muted reaction to the news, with major tokens like BTC, ETH, and SOL maintaining steady ranges across exchanges including Binance, Coinbase, and Bybit. The earnings beat suggests institutional investors may rebalance tech-heavy portfolios, potentially impacting crypto capital flows.

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