Categories AlphaGraphs, Earnings, Technology
AAPL Earnings: Apple Q1 revenue up 11%; earnings beat Street view
Apple Inc. (NASDAQ: AAPL) on Thursday said its first-quarter sales and earnings increased, aided by stable demand for its popular smartphone brand iPhone and strength of the services business. The numbers also came in above the market’s projection.
First-quarter revenues of the Cupertino-based gadget giant increased 11% from last year to a record high of $123.9 billion, mainly reflecting a 9% increase in the sales of iPhone. The top-line also beat the consensus estimates.
In the December quarter, net profit moved up to $34.6 billion or $2.10 per share from $28.8 billion or $1.68 per share in the first quarter of 2021. It was above Wall Street’s expectations.
Read management/analysts’ comments on Apple’s Q1 report
Apple’s stock reached a record high early this month and gained 21% so far this year. The momentum waned since then and the stock closed Thursday’s session lower. However, it made strong gains in the afterhours following the announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
