Apple beats sales estimates with big jumps in iPhone sales and services

Apple chief financial officer Luca Maestri said the war in Ukraine affected revenue as Apple withdrew from Russia, but he declined to specify an amount.

Quarterly worldwide phone sales revenue was $50.6bn, a 5.5% increase from a year ago.

Apple reported record fiscal second-quarter sales and profits that beat estimates as it managed chip shortages and consumers snapped up new iPhones. Sales rose 19% in the Americas and were up by single-digits in Europe and China.

Apple shares rose by over 2% in after-hours trading.