Apple generated $ 95 billion in revenue for the period from January to March. Sales of its flagship iPhone, up slightly year-on-year to $51.33 billion, also beat forecasts.
Demand for electronics fell sharply due to inflation. Apple last month launched a high-interest savings account (4.15% per year, compared to 0.37% on average in the United States) for holders of the Apple Card. Some $990 million was deposited into these accounts in the first four days, according to Forbes.