Apple iPhone Sales Surge 22%. Here’s What Investors Need to Know.
The nearly 20-year-old product line was quite the hot seller during the period.
Overview
Apple (NASDAQ:AAPL) published its fiscal third-quarter results and held a conference call just after market close on Thursday, and its share price slumped in after-hours action. It was still down, by 7%, shortly before the start of Friday’s trading session.
Marking Tim Cook’s last earnings call as CEO — he’s transitioning to executive chairman on Sept. 1 — the tech giant surprised many observers by posting double-digit growth from an unexpected source. Read on for more about this surprise, plus how the company did in other aspects of its business.
Details
Apple notched a new all-time high revenue figure for the quarter, which ended June 30. It earned just over $109.4 billion on the top line, up 16% year over year.
Source
Originally published at www.fool.com.