Sales of iPhones increase by 13.5% in the second quarter

Apple reported sales and earnings that far exceeded expectations, showing that its efforts to redirect its extensive global supply chain away from U.S. President Donald Trump’s trade war have been successful so far.

Apple earned $94.04 billion in revenue in its fiscal third quarter ended June 28 (the second calendar quarter), up nearly 10% from a year earlier and beating analysts’ expectations of $89.54 billion, according to LSEG data. Its earnings of $1.57 per share were higher than estimates of $1.43 per share.

In after-market trading, Apple shares increased by roughly 2%.

Sales of iPhones, which are the top-selling item for the company based in Cupertino, California, increased by 13.5% to reach $44.58 billion, surpassing analysts’ forecasts of $40.22 billion.