FinanceSilicon Republicabout 1 hour ago
Apple Posts $114.5bn Revenue Despite Costs
2 min read
Apple posted quarterly revenue of $114.5bn, up 12pc year-over-year, despite CEO John Ternus warning of unprecedented memory costs. Net product sales reached nearly $83bn while iPad sales dropped. iPhone sales grew 17.5pc to over $57bn. The company expects 7pc to 10pc revenue growth for the coming quarter.
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