Apple Tops Sales Estimates After iPhone, Mac Help Fuel Growth
Apple Inc. reported revenue for the fiscal second quarter that topped analysts’ estimates, helped by demand for the iPhone and Mac.
Revenue jumped 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday.
Analysts had expected $109.7 billion.
Apple itself had projected sales growth of 13% to 16%.
Bloomberg's Anurag Rana and Ed Ludlow join to break it down. (Source: Bloomberg)
Apple revenue hits record $111B
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