Sunday, 29 Jan 2023

Apple weathers tech industry storm to top profit and revenue targets

Apple weathers tech industry storm to top profit and revenue targets


Apple weathers tech industry storm to top profit and revenue targets

Revenue rose 8% this quarter to $90.1bn, above estimates of $88.9bn, while net profit was $1.29 a share, topping with the average analyst estimate of $1.27 a share, according to data from the market research firm Refinitiv.

The company reported sales of iPads were $7.2bn, compared with the average estimate of $7.94bn.

Apple wearables such as AirPods and other accessories notched sales of $9.7bn, slightly ahead of the Wall Street forecast of $9.2bn.

Reuters contributed to this report

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