Apple Tops Sales Estimates Ahead of Holiday Season Surge
Apple’s fourth-quarter revenue topped analysts’ estimates and Chief Financial Officer Kevan Parekh gave an upbeat forecast for the holiday season, helping renew optimism about the iPhone maker. Total sales rose...
By Bloomberg Markets · Bloomberg Markets
Apple’s fourth-quarter revenue topped analysts’ estimates and Chief Financial Officer Kevan Parekh gave an upbeat forecast for the holiday season, helping renew optimism about the iPhone maker. Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate. The company benefited from stronger-than-expected services growth, helping offset a slowdown in China. The Mac and wearables division also performed better than anticipated. Seaport Research Partners Semiconductors & Electronics Senior Analyst Jay Goldberg weighs in on the results, along with Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Bloomberg Tech Co-Host Ed Ludlow. They speak with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)