Apple Quarterly Revenue, Profit Beats Wall Street Estimates, Stock Pops
reported earnings $58.3 billion in revenue last quarter and $2.55 earnings per share, beating expectations on both fronts. Sales were up 1% and profit up 4% from the year earlier quarter.
“It was a very unique quarter. I have never had anything quite like this. I hope to never have it again,” CEO Tim Cook said in an interview on CNBC. “Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Cook in a statement.Amazon Reports Mixed Q1 Results As Jeff Bezos Vows Massive COVID Response: "We're Not Thinking Small"
Executives will take questions for analysts on a call at 5 pm ET with more details on the pandemic’s impact and outlook on iPhone production, Apple TV+ and the 5G rollout, among other things.
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