When Apple unveiled the iPhone 12 last fall, the pitch to customers was a simple one: 5G. That’s the name for the latest and greatest antenna that promises faster download speeds for gobbling up everything from TikTok videos to HBO Max movies.
The pitch worked. Apple’s iPhone 12 was a hot seller, according to the company’s earnings announcement Wednesday, with overall iPhone sales of $66 billion in the quarter ending in December, up from $56 billion a year ago. Apple earned a total of $111 billion during the first quarter, a record for the company.
“We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season,” said Apple CEO Tim Cook.
Apple, which had seen declining sales of iPhones in recent years, seems to have reignited consumer desire to upgrade their older phones.
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