US Edition‘Bigger Than Bigger’ iPhone 17 Sales Drive Apple Revenue to Record High
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‘Bigger Than Bigger’ iPhone 17 Sales Drive Apple Revenue to Record High
‘Bigger Than Bigger’ iPhone 17 Sales Drive Apple Revenue to Record High Analysts think customers bought new iPhones for a boring reason: It was simply time to upgrade their old device. Sign up for smart news, insights, and analysis on the biggest financial stories of the day. Tim Cook took out his…
Apple reported its quarterly earnings to investors yesterday, showing a 16 percent increase in revenue from a year earlier. This was well above Wall Street analysts’ expectations. “Apple is pleased to report a record quarterly revenue of $143.8 billion,” said CEO Tim Cook. “We had our best quarter ever, driven by record sales and unprecedented demand for iPhone across all markets,” he added. Analysts had expected Apple’s revenue to reach $138.4 …
Apple posts record quarterly revenue driven by 'staggering' iPhone 17 demand, but investors shrug
Apple Inc.’s iPhone sales surged to unprecedented heights during the holiday season, as revenue grew across every geographic segment, driving record-breaking quarterly revenue. The company reported first-quarter results that blew past Wall Street’s expectations. Earnings before certain costs such as stock compensation rose 16% from a year ago, to $42.1 billion, or $2.84 per share, […] The post Apple posts record quarterly revenue driven by ‘stag…
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