Apple beats analyst forecasts for the quarter, posts highest-ever Services revenue
- The impact of strong quarterly results on the global economy and Apple's market position.r
- The shift in focus towards services as a significant contributor to Apple's revenue.r
- Concerns over the potential sustainability of such rapid growth in services segment.r r r r
r r Apple has reported robust quarterly results, surpassing analysts' expectations with $95.4 billion in revenue and beating estimates for earnings per share. The services sector has reached an all-time high of $26.65 billion, up from $23.87 billion in the same period last year, marking a 5% year-on-year increase. While this may seem positive on the surface, it's worth considering whether such rapid growth can be sustained and what implications this might have for the company's future strategy and overall market position. The results have sparked both excitement and concern among investors and industry observers alike."}","summary":""}
Original Message:
“Today Apple is reporting strong quarterly results, including double-digit growth in Services,” said CEO Tim Cook, as the company beat analysts' expectations for the three months ending in March.
The company raked in $95.4 billion in revenue (beating the $94.6 billion estimate), which is a 5% increase year-on-year. The earnings per share for the company were $1.65 (estimates were at $1.62), which is 8% higher than the year-ago quarter.
Services reached an all-time high of $26.65 billion for the quarter, up from $23.87 billion for the same quarter in 2024. This record might not be...
Source: GSMArena.com - Latest articles
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