Apple's financial report for January to March showed it had a winning season compared to its Big Tech fellows. CEO Tim Cook’s business got less of a Covid boost than peers and had early supply-chain jams. Now it’s more than catching up: richardbeales1
Apple on April 28 reported record fiscal second-quarter sales and profit that beat Wall Street 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's overall fiscal second-quarter revenue was $97.3 billion, up 9% from last year and higher than analysts' average estimate of around $94 billion, according to Refinitiv data. Quarterly worldwide phone sales revenue was $50.6 billion, a 5.5% increase from a year ago. Services, Apple's second-biggest segment after iPhones, increased sales 17% to $19.8 billion. Profit was $25 billion, or $1.52 per diluted share, topping analysts' expectations of $23.2 billion and $1.43 per share.A customer stands underneath an illuminated Apple logo as he looks out the window of the Apple store located in central Sydney, Australia, May 28, 2018.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Tucker Carlson says Big Tech ‘tyrants are grieving’ after Musk buys TwitterThe announcement that Tesla and SpaceX CEO Elon Musk finalized the deal to purchase Twitter for around $44 billion drew polarizing reactions as liberals warned of “hate speech” and conservatives celebrated it as a win for free speech.
Read more »
HackerNoon Leaders David & Linh Smooke Discuss Parenting Challenges on the Parents in Tech Podcast | HackerNoon👇 What it's like to run a startup as new parents? 💚 Prioritization in decision making, the role of technology in parenting, and more are discussed by DavidSmooke and linhsmooke in the special episode of Parents in Tech podcast.
Read more »
Mad dash at Capitol as big deadline loomsGov. Gavin Newsom’s proposals to pause the diesel sales tax and gas excise tax, both of which face end-of-week deadlines to take effect by July, appear to be dead, as the Legislature has yet to introduce any bills on the matter
Read more »
Philadelphia is 40th among big cities for exercisePhiladelphians don’t exercise a whole lot compared with folks in other large U.S. cities, according to an analysis of 2021 data.
Read more »
Katy's Orleans Seafood Kitchen plans big birthday bash April 28Louisiana-inspired restaurant in Katy will hold an all-day party with happy hour pricing...
Read more »