Apple Inc’s results beat expectations on Thursday, showing off the tech giant’s resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.
Shares of the largest US company by market value rose 2% after Apple exceeded Wall Street’s expectations for revenue and profit for the April 1 quarter. The company’s results contrast with disappointing figures out of big chipmakers due to a slower-than-expected rebound in China’s economic growth.
Apple executives on Thursday said gross profit margins for the current quarter would be better than forecast despite an expected dip in revenue as supply-chain issues have…
