Apple Reports Solid Earnings; Warns of $8bn Hit from Supply Issues

Apple Reports Record Revenues

Apple reported an all-time quarterly revenue record of $123.9bn, up 11% YoY. Below is a breakdown of its revenues across products and services: iPhone revenues were at $71.6bn vs. $68.3bn estimated, up 9% YoY Services revenues were at $19.5bn vs. $18.6bn estimated, up...
Tech Majors Amazon and Apple Miss on Results

Tech Majors Amazon and Apple Miss on Results

Apple reported revenues of $83.4bn in Q4, missing estimates of $84.7bn. While revenues grew 29% from the same period last year, that quarter did not include a new iPhone. iPhone revenues were up 47% YoY to $38.9bn, but missed expectations of $41.5bn. Mac revenues were...
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