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