Apple’s quarterly profit exceeds expectations

Media IN / 2-5-2018

The company’s quarterly results showed Tuesday that revenue and profits exceeded expectations in the quarter ended March, selling 52.2 million iPhones, slightly below Wall Street estimates, and showing some flexibility amid weak global demand for smartphones

According to Reuters, the company expected revenue between 51.5 billion and 53.5 billion dollars in the quarter ended in June, exceeding the average range of Wall Street expectations of 51.6 billion dollars

Apple posted revenue of $ 61.1 billion in the quarter to March, up from $ 52.9 billion a year earlier. Wall Street forecast revenues of $ 60.8 billion, Reuters reported

The company’s profit was $ 2.73 per share, while it was expected to earn $ 2.68 per share, up from $ 2.10 a year earlier