Jamie McKane
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Strong growth for Apple
Apple Inc. reported holiday-quarter revenue that beat Wall Street expectations on rebounding iPhone demand and surging sales of wearable devices. The results are a remarkable comeback from a year ago, when the most valuable technology company missed its own targets.
A sales forecast for the current quarter also exceeded analysts’ projections, sending Apple’s stock up about 2% in extended trading. Services revenue came in slightly below expectations, limiting share gains.
[Bloomberg]
Apple Inc. reported holiday-quarter revenue that beat Wall Street expectations on rebounding iPhone demand and surging sales of wearable devices. The results are a remarkable comeback from a year ago, when the most valuable technology company missed its own targets.
A sales forecast for the current quarter also exceeded analysts’ projections, sending Apple’s stock up about 2% in extended trading. Services revenue came in slightly below expectations, limiting share gains.
[Bloomberg]