Apple has announced a 50 per cent increase in iPhone sales despite chip shortages disrupting global supply chains in its quarterly report.
The tech company’s flagship product beat analysts’ expectations of $34.04 billion, instead bringing in $39.57 billion worth of revenue.
There were concerns leading up to the results that the worldwide chip shortage would affect iPad and Mac sales however sales of both products were higher than a year ago.
Mac sales climbed by 16 per cent after the company relaunched the product using chip designs from British semiconductor manufacturer Arm.