Apple reports results that beat market expectations, driven primarily by strong iPhone and Mac sales. In the April-through-June quarter, the company’s revenue rises 16% to $109.4 billion, according to both outlets. Apple’s profit also increases 27%, reaching $29.8 billion. The reporting attributes the performance to demand for the iPhone and Mac lines, which helps lift overall financial results. One outlet also frames the quarter as potentially the final earnings report for Apple chief executive Tim Cook, though the sources note this as an expectation rather than a confirmed statement. Overall, Apple’s latest financial figures show growth in both sales and profitability compared with the same period a year earlier, with the company’s product mix—particularly iPhone and Mac—described as the main driver of the outperformance versus market expectations.
Apple reports 16% revenue growth and 27% profit rise on iPhone and Mac strength
Apple reports results that beat market expectations, driven primarily by strong iPhone and Mac sales. In the April-through-June quarter, the company’s revenue rises 16% to $109.4 billion, according to...
- Apple’s revenue increases 16% to $109.4 billion in the April-through-June quarter.
- Apple’s profit rises 27% to $29.8 billion.
- Apple’s results are described as outperforming market expectations.
- Strong iPhone sales are cited as a key contributor to the quarter’s performance.
- Strong Mac demand is also cited as a driver of the results.
SAN FRANCISCO, United States (AFP) — Apple beat market expectations in its latest results, capping what is expected to be Tim Cook's final earnings report as chief executive with a strong showing led by iPhone and Mac sales. Sales at the Cupertino-based tech giant rose 16 percent to $109.4 billion in the April-through-June period, while profits climbed 27 percent to $29.8 billion.
3 hours agoSales increase 16% to US$109.4 billion, with profit climbing 27% to US$29.8 billion on strong iPhone and Mac demand.
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