Apple has reported higher-than-expected profit and sales as it avoided headwinds that have come as a result of rising inflation and an economic slowdown.
Sales and profit for the quarter were $83 billion and $1.20 a share, according to Apple, beating Wall Street expectations.
Apple earlier this year lost its status as the world’s most valuable company to oil tycoon Saudi Aramco.
The company’s shares rose by 2.6% in after-hours-trading following the announcement.
