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Apple earnings beat as record back-to-school Mac sales outweigh a slight miss on iPhones

Por: MarketWatch Politics October 28, 2022

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The smartphone giant’s revenue grew 8% in its fiscal fourth quarter, to $90.1 billion from $83.4 billion a year earlier, and came in ahead of the FactSet consensus of $88.7 billion. Apple generated $42.6 billion in its biggest business, iPhone sales, up from $38.9 billion a year before, but analysts were projecting $43.0 billion. A big driver of the upside came from Apple’s Mac segment, which posted a massive beat even as iPhone sales came... + full article



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