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Apple posts record quarterly revenue and iPhone sales
['Rani Molla']
Sherwood News | RSS Feed
For its all-important holiday quarter, Apple posted revenue that grew 16% to $143.76 billion, above analysts’ expectation of $138.4 billion.
Sales of the company’s flagship product, the iPhone, hit a record $85.27 billion amid “unprecedented demand” — beating out the first fiscal quarter in 2022, when iPhone revenue hit $71.6 billion.
The iPhone maker posted earnings per share of $2.84, compared with analysts’ expectation of $2.67.
The company also posted a significant beat in Greater China, with $25.5 billion in revenue versus analysts’ $20.8 billion estimate.
He also said he sees total revenue for the current quarter rising 13% to 16% from a year earlier.