Apple Sells 44 Million iPhones in Q2, Beats Earnings Estimates
 

Apple Sells 44 Million iPhones in Q2, Beats Earnings Estimates
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Apple beat Wall Street estimates for earnings and revenue in the March quarter, but projected lower-than-expected results for the upcoming quarter

Apple posted earnings of $11.62 a share on revenue of $45.6 billion for the second quarter, coming in well ahead of analyst estimates for earnings of $10.18 a share on revenue of $43.5 billion. However, the company said it expects revenue to drop to between $36 billion and $38 billion in the June quarter

The iPhone business — still Apple's largest individual product line — proved stronger than analysts had expected. Apple reported sales of 43.7 million iPhones for the March quarter, beating estimates of around 38 million iPhones. That's up from 37.4 million iPhones sold during the same quarter a year earlier. Read more...

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