: $33.36 billion vs. $32.42 billion estimate.Apple stock rose over 2% in after-hours trading. Read Apple's full releaseApple's guidance for its important holiday quarter is in-line with analyst estimates. Apple is signaling that it expects growth over last year's holiday quarter, where it was hit by a major downturn of iPhone sales in China.
It also suggests that Apple has a chance to beat the $88.3 billion in revenue it posted in the quarter ending December 2017, the company's record. iPhone sales were down 9% year-over-year, but total revenue was up, partially due to 18% growth in Apple's services business, which includes AppleCare warranties, subscriptions like iCloud and Apple TV+, and online software like iCloud.
mcm_ct You do know expectations were lowered by enough to beat right, so how is this good? Once again the CNBC Clown Show spin on better than expected... Does the network have any dignity? No position.
because their phones are too damn expensive and the same every time 🤷♂️