Consumer electronics giant Apple reported better than expected EPS and revenue December quarter earnings Thursday. iPhone revenue, boosted by the launch of iPhone 13, climbed 9% yr/yr to an all-time record of $71.6 bln, despite supply constraints. The biggest growth category was Mac with revenue up 25% yr/yr to $10.9 bln, also an all-time record amongst a supply crisis. $AAPL stock rose to $170.33 up 11.11 or 6.98% after the release. Apple (NASDAQ: $AAPL) Reported Earnings After Close Thursday $2.10 Beat … Continue reading “Apple Stock Jumps 7% After Earnings Respond Strongly to Supply Constraints with Record iPhone Sales”
Consumer electronics giant Apple reported weaker September quarter earnings Thursday. iPhone sales increased nearly 47% BUT chip supply constraints impacted iPhones and iPads this quarter.Tim Cook says supply issues cost company $6 billion.
Consumer electronics giant Apple reported strong June quarter earnings Tuesday. All Apple’s major product lines grew over 12% on an annual basis. iPhone sales increased nearly 50% BUT chip supply constraints could impact iPhones and iPads this quarter.