The American technology giant Apple on Thursday disclosed financial results for the three months ending on April 1. The business stated that these results have exceeded expectations.

The largest corporation in America, Apple, has seen a 2% gain in share prices based on market value.

According to Apple officials, because to improvements in the supply chain, the company's gross profit margin will increase in the upcoming quarter.

According to Refinitive statistics, Apple reported sales for the second quarter that ended on April 1 decreased 2.5 percent to $94.8 billion, beating predictions for a 4.4 percent decline.

Compared to projections of $1.43 (approximately Rs. 115) per share, profit remained flat at $1.52 (about Rs. 120) per share.

In contrast to predictions for a 3.3 percent fall, the business said that iPhone sales increased by 1.5 percent to $51.3 billion (approximately Rs. 4,19,100 crores).

In an interview with the news agency Reuters, Apple CEO Tim Cook said that the business had experienced record iPhone sales in the second quarter of its fiscal year.

Let us tell you that Tim Cook recently visited India as part of a trip. In Mumbai, he opened the country's first Apple Store.