Apple's second-quarter revenue and earnings come in above estimates

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Apple's second-quarter revenue and earnings come in above estimates
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Apple's financial results came in above estimates in both revenue and earnings per share. The tech company reported on its second quarter Thursday afternoon.

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came in above estimates in both revenue and earnings per share as it reported on its second quarter Thursday afternoon.

Refinitiv estimates had put Apple’s second-quarter revenue at $92.96 billion, a figure the iPhone maker topped.On diluted EPS, Apple also beat expectations. It was $1.52, 9 cents more than estimates and matching last year’s second quarter.In its iPhone segment, Apple posted $51.33 billion in quarterly net sales, 1.5% higher from 2022 when it reported $50.57 billion. But it was higher than the $48.90 billion anticipated by analysts.

Apple reported generating $7.17 billion in net sales from its Mac segment for the second quarter. Last year, it brought in $10.44 billion during same three-month period.wearables, home and accessories Expectations from Refinitiv analysts had been $7.82 billion for Mac, $6.69 billion for iPad and $8.42 billion for wearables, home and accessories.

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