For the recent fiscal quarter, Apple Inc. (AAPL) reported earnings surpassing both revenue and earnings per share forecasts. However, iPhone revenues fell short of expectations during this period, and Apple continued its practice of investing a substantial sum in share repurchases.
According to its latest financial report, Apple surpassed predictions by earning a staggering $124.3 billion in revenue for the quarter. This figure exceeds the anticipated $124 billion. Additionally, the company’s Earnings Per Share (EPS) came in at $2.40, surpassing analysts’ expectation of $2.35.
Today, Apple’s CEO Tim Cook announced the company’s most successful quarter yet, raking in a revenue of $124.3 billion, marking a 4% increase from last year. He expressed delight over introducing customers to our finest product and service lineup during the holiday season. With the power of Apple silicon, we are unleashing new potential for our users through Apple Intelligence, which enhances apps and experiences, making them more efficient and tailored. We’re looking forward to expanding the availability of Apple Intelligence in more languages this coming April.
After the release of its earnings report, Apple’s (AAPL) shares experienced a dip in after-hours trading. The stock closed the day at $237.56, but its value dropped to $234 afterwards. Remember to save our Apple topic page for further updates regarding the company’s earnings report.
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2025-01-31 01:27