Apple’s Results Shatter Expectations

Spurred on by record sales of its iPhone and Mac products, Apple Inc. has posted a quarterly revenue and profit result that has managed to soundly surpasses the average analyst’s estimates. Following Apple’s stunning results, the company’s shares gained 7.5 percent to end at around $204 in extended trading, reflecting renewed investor confidence in the technology industry as of late.
Analysts have praised Apple’s financial guidance this quarter, stating that while the company’s forecasts of its results are usually fairly conservative, their revenue estimates matched with Wall Street’s guesses. Apple has also received great praise for its ability to draw consumer …read more