Apple’s revenue grew nearly 9% on an annual basis in the quarter ending in March, the company said on Thursday, showing strong growth and bucking investor worries about a deteriorating macroeconomic environment affecting demand for high-end smartphones and computers.
Apple stock rose over 3% in extended trading.
Here’s how Apple did versus Refinitiv consensus estimates:
- EPS: $1.52 vs. $1.43 estimated
Revenue: $97.28 billion vs. $93.89 billion estimated, up 8.59% year-over-year - iPhone revenue: $50.57 billion vs. $47.88 billion estimated, up 5.5% year-over-year
- Services revenue: $19.82 billion vs. $19.72 billion estimated, up 17.28% year-over-tear
- Other Products revenue: $8.81 billion vs. $9.05 billion estimated, up 12.37% year-over-year
- Mac revenue: $10.44 billion vs. $9.25 billion estimated, up 14.73% year-over-year
- iPad revenue: $7.65 billion vs. $7.14 billion estimated, down 1.92% year-over-year
- Gross margin: 43.7% vs. 43.1% estimated
https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022.html
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