iPhone sales fuel Apple’s Wall Street-beating Q3

iPhone sales fuel Apple’s Wall Street-beating Q3

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/07/27/iphone-sales-fuel-apples-wall-street-beating-q3/

Another excellent quarter for Apple, as the company posted $81.4 billion in revenue. That’s a 36% year-over-year jump for the company, besting Wall Street estimates of $73.3 billion by a considerable margin.

“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” CFO Luca Maestri said in a release. “We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”

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