Latest / Bloomberg Intelligence
Earnings Analysis: Apple Tops Sales Estimates But Falls Short of Blowout Quarter
Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating.
Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.
The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.