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.

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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