Published 2 years ago

Apple results top estimates as iPhone escapes economic slump

Summary by Ground News

Apple posts better-than-expected June quarter revenue. iPhone sales drive growth, but Mac sales are down. Apple's earnings call is scheduled to begin at 5 p.m. Eastern time. Shares of Apple have declined 3.8% over the past three months as the Dow Jones Industrial Average dropped 4.1%.

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Times of India

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. Apple's loyal and relatively affluent customer base has enabled it to weather consumer spending dips better than other brands even in the past.

2 years ago·India

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The Hindu

Apple’s Q3 profit slips, but results exceed analysts’ projections

In spite of supply chain issues and inflation, Apple profit declined by 10% while revenue edged up 2%

2 years ago·India

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Reuters

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

2 years ago·United Kingdom

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Associated Press News

Apple still thriving as economy slows, despite 3Q profit dip

Apple’s profit slipped during the past quarter, but the world’s largest technology company is holding up better than many of its peers as the economy teeters on the edge of

2 years ago·United States

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abc News

Apple's 3Q profit slips, but results top analyst projections

Apple’s profit slipped during the past quarter, but the world’s largest technology company fared better than many of its peers

2 years ago·United States

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The Star Kuala Lumpur

Apple reports Q3 results with record revenue

SAN FRANCISCO, July 28 (Xinhua) -- Apple on Thursday announced financial results for the third quarter ending June 25 of its 2022 fiscal year, with a June quarter revenue record of 82.96 billion U.S. dollars, up 2 percent year over year. Read full story

2 years ago·Malaysia

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