Apple's financial report for January to March showed it had a winning season compared to its Big Tech fellows. CEO Tim Cook’s business got less of a Covid boost than peers and had early supply-chain jams. Now it’s more than catching up: richardbeales1
Apple on April 28 reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages and consumers snapped up new iPhones.
Sales rose 19% in the Americas and were up by single digits in Europe and China. Apple's overall fiscal second-quarter revenue was $97.3 billion, up 9% from last year and higher than analysts' average estimate of around $94 billion, according to Refinitiv data. Quarterly worldwide phone sales revenue was $50.6 billion, a 5.5% increase from a year ago. Services, Apple's second-biggest segment after iPhones, increased sales 17% to $19.8 billion. Profit was $25 billion, or $1.52 per diluted share, topping analysts' expectations of $23.2 billion and $1.43 per share.A customer stands underneath an illuminated Apple logo as he looks out the window of the Apple store located in central Sydney, Australia, May 28, 2018.
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