Apple's Earnings Pop - NBC Bay Area

Apple's Earnings Pop

    Winter Olympics PyeongChang 2018 Medal Count
    Country
    Total
    1
    Norway
    13141037
    2
    Canada
    108927
    3
    Germany
    137626
    processing...

    NEWSLETTERS

    Do I Need a New Mattress?
    Apple sales still strong. Company earnings beat estimates.

    Apple (AAPL) just released its quarterly earnings, and the company remains a recession-beater.

    Led by sales of iPhones, Apple's quarterly earnings came in ahead of Wall Street estimates.  Good news for shareholders, who are seeing an early bump in shares of Apple stock after hours.

    The company conference call is still ahead; this is typically where Apple officials look to the company's future.  I'll Twitter updates live @scottbudman.

    Apple says its profit jumped 15 percent in the last quarter, well ahead of Wall Street's expectations despite the global economic downturn.
     
    Sales of iPhones more than doubled to 3.79 million units from the year-ago quarter. Apple says it sold more iPods, but Macintosh computer sales dipped.
     
    Apple says it earned $1.33 per share, or $1.21 billion. The Cupertino-based company's sales rose 9 percent to $8.16 billion, higher than analysts were expecting, according to a Thomson Reuters survey.