Apple earnings beat estimates, services boost results
08/04/2023 04:24
Apple's third quarter results beat analyst estimates on both the top and bottom lines. Earnings of $1.26 was better than the $1.20 estimate, while revenue of $81.80 billion topped the estimate of $81.55 billion. However, iPhone and iPad sales did fall short of Wall Street expectations. Constellation Research Founder Ray Wang and Technalysis Research President and Chief Analyst Bob O’Donnell joined Yahoo Finance Live to discuss the report. O'Donnell says the results were "not bad" considering the overall decline in smartphone sales. Wang agreed, calling the report "much better than expected."
Apple's third quarter results beat analyst estimates on both the top and bottom lines. Earnings of $1.26 was better than the $1.20 estimate, while revenue of $81.80 billion topped the estimate of $81.55 billion. However, iPhone and iPad sales did fall short of Wall Street expectations. Constellation Research Founder Ray Wang and Technalysis Research President and Chief Analyst Bob O’Donnell joined Yahoo Finance Live to discuss the report. O'Donnell says the results were "not bad" considering the overall decline in smartphone sales. Wang agreed, calling the report "much better than expected."