None
EN
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
[]
The Business Times
IPhone revenue rose to US$85.27 billion in the fiscal first quarter ended Dec 27, well above the US$78.65 billion analysts had expected.
Apple said iPhone sales set records in every geographic segment, highlighting broad-based demand despite macroeconomic uncertainty.
One notable miss compared with Wall Street expectations came in Apple’s wearables, home and accessories segment, where sales were US$11.49 billion, missing expectations of US$12.04 billion.
Mac revenue came in at US$8.39 billion, slightly below analysts’ expectations of US$8.95 billion.
IPad sales rose to US$8.6 billion, beating estimates of US$8.13 billion, helped by steady education demand and continued traction for higher-priced iPad Pro models.