Apple enjoys revenue growth despite iPhone sales slump

Apple reported on Friday that the company achieved "very satisfying" double-digit growth in revenue in China during the past fiscal quarter, despite an overall dip of iPhone sales globally.

In China, one of Apple's key markets, the company's total revenue soared by 11 percent year-on-year to $17.96 billion in the first quarter of 2018 fiscal year ending December. Compared to the previous quarter, revenues were up 83 percent.

Tim Cook, CEO of Apple, noted that Apple's major products, including the iPhone, Mac and iPad, all experienced improved results in China.