Apple beats sales and profit expectations amid iPhone growth
SAN FRANCISCO: Apple exceeded analysts’ expectations for its latest results on Monday when the iPhone-maker said it recorded “revenue record” for a September quarter, driven by iPhone sales and services revenue.
Apple surpassed analysts' projections for its most recent results on Monday, as the iPhone manufacturer reported record revenue for a September quarter. This success was fueled by strong sales of iPhones and growth in services revenue. In a statement, CEO John Ternus expressed optimism about the upcoming holiday season, hinting at the anticipated sales of their latest products, particularly the foldable Duo.
Apple introduced three new phones in September - the 18 Pro, 18 Pro Max, and the first folding phone, the Duo - alongside two new desktop computers. In October, they unveiled a new smart display powered by AI, called HomeView, and the first MacBook Pro with a touchscreen. As Apple speaks with analysts on a call later on Monday, investors will be analyzing the company's outlook for the final three months of the year.
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