Apple Beats Sales Estimates as iPhone, Mac Demand Drives Revenue Growth

Apple Beats Sales Estimates as iPhone, Mac Demand Drives Revenue Growth

Bloomberg general

Key Points:

  • Apple Inc. provided a strong revenue forecast for the third quarter, expecting sales to increase by 14% to 17%, surpassing analyst expectations of 9.1%.
  • The company highlighted ongoing challenges, including rising memory-chip costs and persistent Mac computer shortages expected to last several months.
  • Following the upbeat forecast, Apple shares rose nearly 4% in late trading.

Trending Business

Trending Technology

Trending Health