Apple Mac mini, Mac Studio shortages could last for months
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Apple reported 17% revenue growth, topping estimates, even as iPhone sales came up short. It's the first time the company is facing Wall Street since the announcement that Tim Cook will be stepping down as CEO.
Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.
Apple on Thursday (April 30) touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and sent its shares up nearly 4% after hours. Ram Nabong has more.
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Apple earnings narrowly top expectations
Apple on Thursday reported quarterly earnings that slightly exceeded Wall Street estimates as iPhone sales came in right about what had been expected. Why it matters: In addition to being one of the world's most valuable companies,
Apple reports fiscal second-quarter earnings Thursday after the bell, and something unusual is happening in its options market. One measure of downside risk has fallen precipitously in the past five weeks as traders turn bullish and it has done so heading directly into the earnings print.