Apple Rides Better iPhone Sales To Q4 Earnings Surprise

Adjusted earnings per share of $3.03 in the period ending September 30 eclipsed the consensus forecast by analysts for $2.84. Total revenue reached $64 billion, about $1 billion better than expectations.

While all of Apple’s quarterly results are closely tracked given its scale and importance to the global economy, the most consequential period tends to be the last calendar quarter of the year — its first fiscal quarter. That’s when revenue for the all-important holiday season is tallied up and when the launches of major new devices generally gets reflected in the numbers.

Shares closed at $243.26, basically flat for the day. They have been trading near an all-time high, sending Apple’s market value past $1 trillion.and product executive Eddy Cue joined the cast and crew ofDickinsonApple TV+, priced at $5 a month, is entering an increasingly crowded space, with Disney, WarnerMedia and NBCUniversal all mounting serious challenges to Netflix over the coming months.

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