Apple Posts 12% Revenue Growth as iPhone Sales Rebound
Photo: TokenPost
Apple reported a 12% year-over-year increase in fiscal fourth-quarter revenue, with iPhone sales accelerating, giving U.S. investors a new read on demand at one of the country's largest public companies. Apple released the results after U.S. markets closed Nov. 2. Revenue was $114.48 billion for the three months ended in September, while diluted earnings per share were $2.10 and net income reached $30.71 billion. Revenue and earnings per share topped market expectations of $113.5 billion and $2.00, respectively. The iPhone generated $57.58 billion, up 17.5% from a year earlier, and accounted for about half of sales.
Source: TokenPost
