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Apple beats quarterly revenue and profit estimates on strong iPhone, Mac sales
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Yahoo Finance - Business Finance, Stock Market, Quotes, News
Apple beats quarterly revenue and profit estimates on strong iPhone, Mac sales Proactive uses images sourced from ShutterstockApple Inc (NASDAQ:AAPL, XETRA:APC) reported fiscal third-quarter revenue and profit that topped Wall Street expectations, driven by stronger-than-expected iPhone and Mac sales, though shares fell more than 4% in after-hours trading.
iPhone revenue rose 21.7% to $54.25 billion, ahead of the $53.6 billion analysts had forecast.
Mac sales jumped 28.7% to $10.35 billion, well above estimates of $8.62 billion.
Europe revenue climbed 22.4% to $29.4 billion, while Japan revenue rose 13.4% to $6.55 billion.
Total products revenue, which includes iPhone, Mac, iPad and wearables, rose 18.1% to $78.68 billion, above estimates of $77.25 billion.