Investing.com
Coverage of Investing.com in the Nexus archive.
- Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations
Apple exceeded Wall Street's expectations in fiscal Q3 with $29.79 billion in earnings and $109.42 billion in revenue, driven by strong iPhone and MacBook sales. The company raised Mac and iPad prices due to memory-chip shortages linked to the AI boom but has not yet increased iPhone prices. Tim Cook announced his retirement, and John Ternus will succeed him as Apple's head of hardware engineering.
- Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations
Apple's fiscal Q3 results exceeded Wall Street expectations driven by strong iPhone and MacBook sales. The company raised prices on Macs and iPads due to a memory-chip shortage linked to the AI boom and reported a 27% increase in earnings and 16% revenue growth. Tim Cook announced his retirement, with John Ternus set to succeed him as Apple's head of hardware engineering.