PALO ALTO, U.S.-- Apple posted all-time-high quarterly revenue on Thursday, driven by holiday season demand and robust iPhone sales in greater China, despite a $6 billion-plus hit from supply chain bottlenecks including industrywide chip shortages and coronavirus-related manufacturing disruptions.
Total revenue grew 11.2% on the year to $123.9 billion for the three months ended Dec. 25, beating Wall Street forecasts and validating a decision to focus production on the refreshed iPhone range.
