Apple’s latest earnings results handily beat Wall street estimates.
This is in contrast to many predictions of a major slowdown in iPhone sales which account for 63% of total revenue.
While recent events have led to a temporary retraction, I believe that the last quarter’s earning showing continued growth has relieved some of the negative pressure on the stock, and recent news of holiday sales will only add to this.
Elsewhere, I have provided a recap of the quarterly earnings.
For some, the more important element was the outlook for the upcoming quarter. The company guided for revenue between $75.5 billion and $77.5 billion, which is in line with analysts’ estimates.
- The big point here is that this posits continued revenue growth, although modest, over last year’s $74.6 billion.