Apple's iPhone surge powers record quarter as services revenue hits new high

Apple announced a landmark quarter, buoyed by a sharp uptick in iPhone demand that propelled the company to its strongest earnings ever. The flagship device's resurgence not only lifted overall sales but also reinforced Apple's position as a dominant force in premium hardware. Parallel to the hardware rally, the services segment continued its upward trajectory, crossing a notable revenue threshold for the first time. This expansion reflects the growing reliance on the ecosystem of apps, streaming, cloud storage, and financial services that Apple has cultivated over the years. Analysts see the dual engine of hardware vitality and services depth as a sign that Apple is solidifying a balanced growth model, reducing its exposure to cyclical swings in any single product line. Investors responded positively, viewing the results as validation of the company's strategic focus on integrating hardware excellence with a thriving digital services platform.