Apple reported quarterly earnings after the bell on Thursday that beat Wall Street expectations, with overall revenue rising 5%. iPhone revenue beat estimates despite declining about 1% year-over-year. iPad revenue jumped nearly 24%, spurred by new models released during the quarter. Apple's Services business, which includes hardware warranties, Google revenue, cloud storage, and content subscriptions, is a key growth area with significant sales growth in line with forecasts. Apple's sales in greater China, including Taiwan and Hong Kong, declined amid increasing competition from local companies like Huawei.
Category
đź—ž
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Apple reported quarterly earnings after the bell on Thursday that beat Wall Street expectations,
00:07with overall revenue rising 5 percent.
00:10iPhone revenue beat estimates despite declining about 1 percent year over year.
00:14iPad revenue jumped nearly 24 percent, spurred by new models released during the quarter.
00:19Apple's services business, which includes hardware warranties, Google revenue, cloud
00:23storage and content subscriptions, is a key growth area with significant sales growth
00:28in line with forecasts.
00:30Apple sales in greater China, including Taiwan and Hong Kong, declined amid increasing competition
00:34from local companies like Huawei.
00:36For all things money, visit Benzinga.com.