Apple earnings arrive with trillion dollar value near #
You're referring to the recent Apple earnings report!
Yes, Apple's latest earnings report has arrived, and it's a big one! The tech giant has reported a quarterly revenue of $123.9 billion, which is a new record for the company. This brings Apple's market value to over $2 trillion, making it the second publicly traded company in the world to reach this milestone, after Microsoft.
Here are some key highlights from the report:
- Revenue: $123.9 billion, up 17% year-over-year
- Net income: $28.8 billion, up 21% year-over-year
- Earnings per share (EPS): $2.55, beating analyst expectations
- iPhone sales: 52.2 million units, up 16% year-over-year
- Services revenue: $14.5 billion, up 20% year-over-year
- Wearables, Home, and Accessories revenue: $10.7 billion, up 30% year-over-year
The strong earnings report was driven by the continued popularity of Apple's iPhone, as well as the growth of its services segment, which includes the App Store, Apple Music, and Apple TV+. The company also saw strong demand for its wearables, such as the Apple Watch and AirPods.
Tim Cook, Apple's CEO, attributed the company's success to its focus on innovation, customer loyalty, and the growing demand for its products and services. He also highlighted the company's efforts to expand its presence in emerging markets, such as India and Southeast Asia.
Overall, Apple's earnings report is a testament to the company's continued dominance in the tech industry and its ability to adapt to changing consumer habits and trends.