PALO ALTO, U.S. -- Apple reported record quarterly results on Thursday, defying supply chain disruptions and economic downtrends brought on by the COVID-19 pandemic. However, a delayed launch of the iPhone 12 -- the company's first 5G smartphone -- led to a sales plunge in greater China, a key revenue growth region for the U.S. tech giant.
Technology
Apple's quarterly China sales dip 29% on 5G iPhone launch delay
Company confident new smartphone will perform well in the current quarter
The iPhone 12 has been well-received, but Apple still faces production disruptions due to the pandemic. (Photo courtesy of Apple)
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